As a leading authority in second charge mortgages within the UK, Dickson Mortgages proudly offers an expansive array of products tailored for both residential and buy-to-let scenarios.
Unlocking equity in your property seamlessly, our second charge mortgages provide a valuable avenue without disrupting your existing mortgage arrangements.
What sets Dickson Mortgages apart is our commitment to delivering competitively priced products coupled with a bespoke underwriting approach. We specialize in extending second charge finance solutions to a diverse clientele, addressing the unique circumstances or credit challenges that some borrowers may face.
To explore your mortgage options and secure a second charge mortgage, contact Dickson Mortgages at 07360 198 995.
What is a second charge mortgage?
A second charge mortgage is a secured loan that empowers you to leverage the equity in your property as collateral, alongside your existing primary mortgage.
How does a second charge mortgage differ from a remortgage?
While a remortgage replaces your current mortgage with a new one, a second charge mortgage introduces an additional loan on top of your existing mortgage, preserving the initial mortgage arrangement.
What purposes can a second charge mortgage serve?
Second charge mortgages provide versatility for various needs, including financing home improvements, consolidating debts, or covering significant expenses.
Can I secure a second charge mortgage with bad credit?
Yes, specialised lenders offer second charge mortgages to individuals with less-than-perfect credit. It's crucial to seek advice as terms may vary.
How do lenders determine interest on a second charge mortgage?
Lenders may provide fixed or variable interest rates on a second charge mortgage. Understanding the terms and potential fluctuations in interest rates is crucial.
Can I settle a second charge mortgage early?
Most lenders permit early repayment, with terms and potential fees for settling the loan before the agreed-upon term. It's essential to review these details.
What if I struggle to repay my second charge mortgage?
In case of repayment challenges, prompt communication with your lender is crucial. They may offer solutions like restructuring the loan or adjusting the repayment plan.
Is the application process for a second charge mortgage complex?
The application process mirrors that of a primary mortgage, involving affordability assessments and property valuation.
Can I obtain a second charge mortgage for a buy-to-let property?
Yes, certain lenders extend second charge mortgages to buy-to-let properties. Eligibility criteria may vary, necessitating verification with potential lenders.
How does the approval process for a second charge mortgage unfold?
Lenders evaluate factors like income, credit history, and property value. Collaborating with a member of our team can facilitate navigating the approval process more smoothly.
To explore your mortgage options and secure a second charge mortgage, contact Dickson Mortgages at 07360 198 995.
Telephone: 07360 198 995
Email: info@dicksonmortgage.co.uk
7 Mare Street, Hackney, London, E8 4RP
Cultivating mortgage solutions tailored to your property aspirations, residential or commercial, in the heart of vibrant Hackney, London.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU RE-MORTGAGE.
Dickson Mortgages is an Introducing Broker and operates independently, not regulated by the Financial Conduct Authority or the Solicitors Regulation Authority.
Dickson Mortgages offers execution-only products, empowering clients to make independent financial decisions tailored to their needs.
All mortgages are subject to status and lender criteria.
Most buy to let mortgages are not regulated
Please be aware when using the mortgage calulator, the results are for ilustrative purposes only and should not be considered as a mortgage quote.
A broker fee may be payable upon mortgage application as well as an administration fee. The total fee payable will depend on your circumstances. A member of our team will explain any fees applicable in your initial appointment.