Mortgage: Second charge mortgages explained as new business volumes fall by over 50%

Mortgage: Second charge mortgages explained as new business volumes fall by over 50%

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MORTGAGE holders may be able to take advantage of what’s known as either second charge or second mortgages. These are a secured loan taken out against a borrower’s home which are often utilised to raise money instead of remortgaging and new statistics on business volumes has shown how lenders are handling these types of products.



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