{"id":418,"date":"2023-11-13T17:19:05","date_gmt":"2023-11-13T17:19:05","guid":{"rendered":"https:\/\/asgharfinance.com\/?page_id=418"},"modified":"2023-11-17T12:03:46","modified_gmt":"2023-11-17T12:03:46","slug":"second-charge-mortgages","status":"publish","type":"page","link":"https:\/\/asgharfinance.com\/index.php\/second-charge-mortgages\/","title":{"rendered":"Second Charge Mortgages"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"418\" class=\"elementor elementor-418\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-28b3342a e-flex e-con-boxed e-con e-parent\" data-id=\"28b3342a\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-13fbf81e elementor-widget-mobile__width-initial elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"13fbf81e\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Second Charge Mortgages<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bdbfd9a elementor-widget elementor-widget-text-editor\" data-id=\"bdbfd9a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">Additional finance option for homeowners<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7a319bf e-flex e-con-boxed e-con e-parent\" data-id=\"7a319bf\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a16edc3 elementor-widget elementor-widget-text-editor\" data-id=\"a16edc3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">Second charge mortgages (or secured loans) are secured against your existing property and allow you to use your equity to raise finance. It can be a loan of anything from \u00a320,000 upwards, depending on your income and the amount of equity you have in your properties.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5a0871f e-flex e-con-boxed e-con e-parent\" data-id=\"5a0871f\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-9898346 e-con-full e-flex e-con e-child\" data-id=\"9898346\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-595d817 elementor-widget elementor-widget-image\" data-id=\"595d817\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/asgharfinance.com\/wp-content\/uploads\/2023\/11\/img-3.png\" class=\"attachment-large size-large wp-image-809\" alt=\"\" srcset=\"https:\/\/asgharfinance.com\/wp-content\/uploads\/2023\/11\/img-3.png 825w, https:\/\/asgharfinance.com\/wp-content\/uploads\/2023\/11\/img-3-300x300.png 300w, https:\/\/asgharfinance.com\/wp-content\/uploads\/2023\/11\/img-3-150x150.png 150w, https:\/\/asgharfinance.com\/wp-content\/uploads\/2023\/11\/img-3-768x768.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d3487e2 e-con-full e-flex e-con e-child\" data-id=\"d3487e2\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0c748e5 elementor-widget elementor-widget-heading\" data-id=\"0c748e5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Person calculating costs<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78cf1e7 elementor-widget elementor-widget-text-editor\" data-id=\"78cf1e7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">A second charge mortgage is an FCA-regulated product with the same paperwork, contract and process as a first-charge mortgage.<\/p><p class=\"p1\">There are a wide range of acceptable reasons for capital raising via a second charge mortgage including for business purposes, debt consolidation, tax bills, weddings, school fees and property purchase.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bf4890d e-flex e-con-boxed e-con e-parent\" data-id=\"bf4890d\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1667b98 elementor-widget elementor-widget-heading\" data-id=\"1667b98\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">Why consider a second charge mortgage?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ada1c9 elementor-widget elementor-widget-text-editor\" data-id=\"9ada1c9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li class=\"p1\">To capital raise from existing residential or buy to let properties<\/li><li class=\"p1\">In order to keep a competitive rate on your first charge mortgage which would be lost if you remortgaged<\/li><li class=\"p1\">To keep your existing first charge mortgage as an Interest Only mortgage<\/li><li class=\"p1\">To avoid high Early Repayment Charges on a current mortgage<\/li><li class=\"p1\">If your credit status has changed<\/li><li class=\"p1\">When funds are needed quickly<\/li><li class=\"p1\">Maybe a remortgage or further advance has been declined<\/li><li class=\"p1\">If you are stuck in debt management or you have a large amount of unsecured debt in the background<\/li><li class=\"p1\">You have had changes to your income\/employment or if COVID has affected your self-employed income over the past few years<\/li><li class=\"p1\">You want to raise funds for business use or repay a tax bill<\/li><li class=\"p1\">You are looking for a higher income multiple, are failing on affordability or are wanting to use projected income if self-employed<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d34978 elementor-widget elementor-widget-text-editor\" data-id=\"9d34978\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">It\u2019s important to think carefully before securing other debts against your home, so we recommend a free consultation with our second-charge team to find out whether this could be the right option for you.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Additional finance option for homeowners Second charge mortgages (or secured loans) are secured against your existing property and allow you to use your equity to raise finance. It can be a loan of anything from \u00a320,000 upwards, depending on your income and the amount of equity you have in your properties. Person calculating costs A [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/asgharfinance.com\/index.php\/wp-json\/wp\/v2\/pages\/418"}],"collection":[{"href":"https:\/\/asgharfinance.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/asgharfinance.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/asgharfinance.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asgharfinance.com\/index.php\/wp-json\/wp\/v2\/comments?post=418"}],"version-history":[{"count":46,"href":"https:\/\/asgharfinance.com\/index.php\/wp-json\/wp\/v2\/pages\/418\/revisions"}],"predecessor-version":[{"id":812,"href":"https:\/\/asgharfinance.com\/index.php\/wp-json\/wp\/v2\/pages\/418\/revisions\/812"}],"wp:attachment":[{"href":"https:\/\/asgharfinance.com\/index.php\/wp-json\/wp\/v2\/media?parent=418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}