Ideal for customers looking to capital raise by releasing equity from their existing residential property. Our second charge loans can be arranged quickly without affecting their existing mortgage.
Submitting a case is easy. We give you the option to submit a residential second charge to us directly or you can introduce a case to one of our Master Brokers. Click here to find out more.
The interest rate payable at the end of any fixed rate period tracks Bank of England Base Rate (BBR). Interest rates that track the BBR will rise and fall in line with changes to BBR. The interest rate the customer pays will change immediately following a change to BBR.
Our BBR tracker products have a floor. This means that if BBR were to fall to 0.00% or less the rate payable will be 0.00% plus the agreed set percentage above BBR. This means that the rate payable will never go below 0.00% plus the additional percentage rate of the tracker product.