Buying a property can be the biggest decision made in our lives. It is for this very reason that professional advice is critical from qualified advisers.
Second Charge
Second Charge Mortgages can be a great way of raising capital from your property and can be of use to avoid higher lending charges. Essentially, they work in the same way as a First Charge Mortgage and therefore are subject to the same rules and same criteria – the mortgage needs to be suitable and affordable.
Some people consider taking out a second charge for debt consolidation purposes, so it’s worth being aware that the lender will take reasonable steps to make sure that consolidated debts are repaid when the new loan starts otherwise they’ll be included in the new affordability tests.
For second charge lending, where appropriate, we will refer you to an intermediary partner, who can provide advice in this area.
If you are undecided on whether to take out a Second Charge Mortgage, Further Advance or remortgage then click here and one of our brokers will advise you which suits best.
Stewart Financial Maidstone
65 High Street, Maidstone,
ME14 1SR
01622 278092
mortgages@stewartfinancial.co.uk
Stewart Financial Ashford
21 Cedar Parade, Ashford
TN23 3TE
01233 234875
mortgages@stewartfinancial.co.uk
Stewart Financial Folkestone
93 Sandgate Rd, Folkestone,
CT20 2BQ
01303 210343
mortgages@stewartfinancial.co.uk
Stewart Financial Tenterden
102 High St, Tenterden,
TN30 6HT
01580 392102
mortgages@stewartfinancial.co.uk
Stewart Financial Hythe
156B High St, Hythe,
CT21 5JU
01303 720724
mortgages@stewartfinancial.co.uk
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
*We do not charge for our advice, however there will be an administration fee of £399 payable on completion of your mortgage. If your mortgage does not go ahead for any reason you will not be charged a fee.
Stewart Financial is a trading style of Stewart Financial Solutions Ltd who is an Appointed Representative of Mortgage Intelligence which is authorised and regulated by the Financial Conduct Authority under Number 305330 in respect of mortgage, insurance and consumer credit mediation activities only.
Registered Address: Stewart Financial, 21 Cedar Parade, Ashford, Kent, TN23 3TE. Registered in England and Wales under number 05514279.
We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. Our advice is covered under the Financial Ombudsman Service (www.http://www.financial-ombudsman.org.uk/consumer/complaints.htm).
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