PROPERTY FINANCE
Second Charge Finance
Raise capital against your property with a loan that sits behind your existing mortgage, keeping your first charge in place.
THE OPPORTUNITY
Second charge finance for capital release
A second charge loan is secured against your property behind your existing mortgage. It lets you release equity without remortgaging or disturbing the first charge.
Letfast Finance helps homeowners and landlords explore second charge routes, with a clear view of the equity available, affordability, the overall position and the terms that would apply.
A clear starting point
- Keep your existing first charge mortgage in place
- Residential and buy-to-let property considered
- A clear view of equity, affordability and terms
- No obligation initial discussion
YOUR PLANS
Where it can fit.
Every project is assessed individually. These are common scenarios to discuss.
Home improvements
Fund significant works with capital raised against the property's equity.
Deposit or completion funds
Raise funds for a property purchase while keeping your existing mortgage untouched.
Buy-to-let capital release
Unlock equity from a rental property to support your next investment.
Planned large expense
A second charge discussion for a significant, planned outgoing such as education or a family matter.
Business or investment opportunity
Capital raised against property for a planned business or investment opportunity.
Refinance an existing second charge
Review an existing second charge facility and explore refinancing options.
THE NEXT STEPS
A clear path through.
Initial conversation
We discuss the property, your existing first charge and the capital you are looking to raise.
Equity & affordability review
We review the property value, available equity, income and affordability position.
Route & terms exploration
We explore suitable second charge routes, the terms, costs and conditions that would apply.
Progress to completion
If the application proceeds, valuation, legal work and any required consents need to be satisfied before completion.
USEFUL TO KNOW
Your questions,
answered.
What is a second charge loan?
A second charge loan is secured against your property behind your existing mortgage. It lets you release equity while keeping your first charge in place. If the property is sold, the first charge is repaid before the second.
Does it affect my existing mortgage?
Your existing mortgage stays in place. The first charge lender's consent may be required, and affordability is assessed alongside your existing commitments.
How much can I borrow?
It depends on the property value, the equity available, your affordability and the lender's criteria. We give you a clear indication once we understand your position.
Are there fees?
Any fees would be discussed and agreed upfront before you proceed. The initial conversation is no obligation.
LET’S TALK
Put your plans
in motion.
Share a few details about your project and the finance you’re looking for.