Finding a mortgage with bad credit can be difficult and has to be approached carefully. Due to the shortage of lenders available in this market, getting the application right first time is very important. Having the experience of a specialist adverse credit mortgage broker will greatly enhance your chances of success.

I’ve helped many people with poor credit to find a mortgage. For a free no obligation chat, get in touch today

Steven Neale – Specialist Bad Credit Mortgage Broker

rita gulatirita gulati
20:13 22 Nov 21
SN mortgages have been very helpful in that they managed to get a mortgage for us which no other company could help with. Our case was held in a very professional manner and we would recommend the company to everyone.
Dave ButtonDave Button
16:46 13 Apr 21
absolutely amazing service from Steve, after being turned by by other lenders, he managed to get the mortgage i required to pay off all my outstanding debts along with a better deal than my previous mortgage.would recommend to anyone. Thank you.
lee Cathcartlee Cathcart
11:05 25 Jan 21
During very difficult COVID times, Steven and Sue were always just a phone call away to answer all our questions and concerns. Their knowledge found us a great mortgage. Their personal touch really is the difference. Cannot recommend highly enough.
Alice GraddonAlice Graddon
10:19 21 Jan 21
I am absolutely thrilled at the service I have received. After failing to get a mortgage through standard lenders, I had given up hope on being able to move so I am very happy to have found Steve and Sue. They were helpful and extremely supportive, especially given our very tight timeline, and were able to find a mortgage that suited me. I would absolutely recommend them!
Richard HoweRichard Howe
12:31 20 Jan 21
Our second mortgage arranged by Steve & Sue - Outstanding Service, excellent level of support complimented by excellent communications. We have every confidence in both Steve & Sue supporting us through the mortgage maze. On both occasions the process has been seamless - We can highly recommend the services of this amazing company - where customers come first.

Second Charge Mortgage LoansCan I get a Second Charge Mortgage Loan?

Do you need a loan but your existing mortgage lender has said no?

The answer maybe a Second Charge Mortgage if you have:

  • Credit card or loans debts on high interest rates
  • Need funds to put your children through University
  • Pay for school fees
  • Buy a new car or holiday home
  • Carry out some home improvements
  • Give your children or grandchildren a deposit so they can buy their own home
  • Pay for a Wedding
  • ‘Pay off’ a mortgage partner
  • Have a tax bill to pay
  • Deposit for a Buy to Let property
  • Tied into a fixed rate mortgage with redemption penalties
  • Raise capital for business purposes
  • Clear your Overdraft
  • You want to keep your low interest rate mortgage product with your existing lender
  • You have adverse credit and your existing lender will not lend to you
  • Been offered a further advance from your current lender but at a higher interest rate
  • Currently on an interest only mortgage
  • Recently self-employed, retired or have income from multiple sources
  • Cash flow problems – take a Second Charge Loan whilst waiting for debtors to pay you
  • Repay a Directors loan

These are only some of the many reasons why a Second Charge Mortgage may be the answer.

What is a Second Charge Mortgage?

It is simply another loan secured on your property just like your mortgage. Your mortgage lender has a first charge on your property so is first to be paid if you sold your property followed by a second charge lender.

What interest rate do they charge?

Because second charge lenders are second to be paid, the risk is they may not get all of their money back if your property was sold. Therefore, they charge a slightly higher interest rate. The good news is the more equity you have in your home, the safer they feel so the interest rate they charge would be lower.

The Second Charge Loan market is very buoyant at the moment with lots of lenders looking to lend. Although interest rates are not as low as first charge lenders (i.e. the High Street mortgage lenders) rates are still very competitive.

To find out more, please give me a call and I can put you in touch with one of the expert firms I deal with for Second Charge Loans.

Secured Loans are provided by Introduction Only

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.

For more information on how I can help you with Second Charge Loans, please call me on: 01494 526400 or complete my online enquiry form.

3 REASONS TO ASK ME TO ARRANGE YOUR MORTGAGE

Years of Experience

I specialise in Bad Credit Mortgages for people who have a poor credit history because of any number of reasons.

Choice of Lenders

I am a Whole of Market, Mortgage Broker meaning I can talk to every lender to see about finding you the right mortgage.

Saving You Money

As a specialist Mortgage Broker for over 30 years I have a great deal of experience that will help save you time & money.