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A second charge is an alternative to a standard first charge re-mortgage. If your client has a low interest rate or early redemption charges on their current mortgages then conducting a re-mortgage may not be the best way to go. Borrowers should be made aware this is an additional charge against their property.
Money can be raised for any personal reasons such as debt consolidation, home improvements, Expanding a property portfolio, Purchasing a car, holidays, school fees, tax bills, business purposes and assisting with investment property purchases.
We are Master Brokers and an experienced Specialist Financial Provider, which means we can offer you and your clients a wide range of products solutions. GPS Finance is a trading style of Global Property Solutions Direct & Management Limited, which is authorised and regulated by the Financial Conduct Authority (FCA).
Registered in England No 8673712 Registered Office: 228 Church Lane, Kingsbury, London NW9 8SN.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
