You can get additional loans secured on your home for things like home improvements. This may be called a second mortgage, second charge or further charge.

Who can apply?
Homeowners with a mortgage: First time buyers who have resided in current property for at least 6 months.

Husbands, wives, partners co-habiting, relatives, or any other person residing at property over the age of, 18 and, not party to mortgage.

Employed: Income generally over £10,000 per annum, with 3 years employment, and address history.

Self-employed: It is generally preferred that self-employed applicants have been trading for 2 years in the same field.

Clients with bad debt, County Court Judgement’s (CCJ’s), defaults, mortgage arrears, and ex-bankrupts;

All secured loans give the lender similar rights to repossess your home if you don’t keep up repayments. If a house is repossessed, the money from the sale will be shared out among the secured lenders in the order that the loans were given.