Mortgages
You could receive your loan in as little as 3 days!
- Borrow from £10,000 to £250,000
- Flexible terms from 3-30 years
- We consider all credit histories
- Employed, self employed, pension and benefit income
- Direct lender so no broker fees
Representative Example: A secured loan of £31,000 payable over 7 years on a fixed rate of 9.83% for the first 5 years, followed by a variable rate, currently 9.69%, would require 60 monthly payments of £553.17 followed by 24 monthly payments of £552.39. The total amount repayable would be £46,447.56, this includes interest, an arrangement fee of £1,999 and a processing fee of £499. The overall cost for comparison is 13.1% APRC representative.
What is a mortgage?
A mortgage is a loan secured against your property. It allows you to borrow money, usually to buy a home or raise funds against the equity you've built up. The loan is repaid over an agreed term through monthly repayments, and your home may be repossessed if you do not keep up repayments.
At Central Trust, our first and second charge mortgage products are available for customers looking to remortgage or raise capital against an unencumbered property. We do not currently offer mortgage for purchasing a property, although we plan to introduce purchase mortgages in the future. Your home may be repossessed if you do not keep up repayments.
Mortgage vs secured loan – which is better for me?
The right option depends on your circumstances. A first charge mortgage replaces any existing mortgage on your property or can be taken against an unencumbered property. A secured loan (also known as a second charge mortgage) allows you to borrow against your home's equity without replacing your current mortgage. If you're looking to remortgage or raise capital, we'll assess your circumstances to help determine which option best suits your needs.
Different types of mortgages
There are many different types of mortgages available, each designed for different circumstances and borrowing needs. The most common include:
- Residential mortgages – for buying or remortgaging the home you live in
- Unencumbered mortgages – mortgaging a property you own outright
- Buy to Let mortgages – for purchasing or refinancing a property you intend to rent out
- Consumer Buy to Let mortgages – for accidental landlords who didn't originally buy a property as an investment
- Let to Buy mortgages – for homeowners who want to rent out their current home while moving to a new one
- Family Let mortgages – for letting a property to a close family member
- First charge mortgages – where the mortgage is the primary loan secured against your property
- Second charge mortgages (secured loans) – a loan secured against your property alongside your existing mortgage, allowing you to borrow additional funds without replacing your current mortgage.
Mortgages can also differ by interest rate, such as fixed-rate or variable-rate mortgages, and by repayment method, including repayment and interest-only mortgages.
What mortgages do we offer?
Central Trust offers a range of specialist first and second charge mortgages designed for remortgaging and capital raising, including:
• Residential mortgages
• Unencumbered mortgages
• Consumer Buy to Let mortgages
• Family Let mortgages
We do not currently offer mortgages for purchasing a property.
Our specialist first and second charge mortgage products are supported by experienced manual underwriting. Rather than relying solely on automated credit scoring, we take the time to understand your individual circumstances, helping more customers access the finance they need.
What can our mortgages be used for?
Our mortgage products can help you:
• Remortgage an existing property
• Raise capital against your home's equity
• Raise capital against an unencumbered property
• Refinance specialist residential and buy to let borrowing.
Is taking out a second mortgage the same as remortgaging?
A remortgage replaces your existing mortgage with a new one, either with your current lender or a different lender. This can be used to secure a new rate, release equity from your property, or both.
A second mortgage, also known as a secured loan or second charge mortgage, allows you to borrow additional funds against your property's equity while keeping your existing mortgage in place. This can be beneficial if you're on a competitive mortgage rate or would incur early repayment charges by remortgaging.
The most suitable option depends on your circumstances, including your current mortgage terms, how much you want to borrow, and your financial goals. Our team can help you explore both options and find the right solution for your needs.
Can I still get a mortgage with bad credit?
Yes, subject to eligibility. We will run a credit search followed by a manual review to assess your credit history, affordability and full circumstances.
Why choose Central Trust?
Fast and Simple Process
You could access funds within days by calling our team directly or enquiring online.
Over 35 Years’ Experience
We are one of the UK's longest established specialist lenders, so you can relax knowing you're dealing with an experienced team.
Regulated by the FCA
We work to uphold the FCA's standards through transparent and responsible practices. We provide legal and financial protections to ensure a safer and fairer borrowing experience.
Your Loan,
Tailored for You.
Consolidating debt? Paying for a large expense like home improvement or a wedding? We have you covered.
Unlike many other lenders, there is no strict automation to our lending decisions. Your application is assessed by our team, not by a computer.
How it works
Organising your finances can sometimes feel stressful, but we want to make it as easy as possible for you.
In just 3 simple steps you could have the money in your bank account. All you need to do is:
Enquire
Complete our quick and easy online enquiry form. Alternatively, you can speak to an advisor instantly by calling us or starting a live chat.
Share
One of our qualified advisors will call you to discuss your enquiry and work out a monthly payment that meets your needs and circumstances.
Complete
We'll help you complete the paperwork and any other supporting documentation required. Everything can be completed electronically, or on paper if you prefer.
Ready to enquire?
Call an advisor free on:
0800 980 6273
- Friendly UK based advisors
- Enquiring won't affect your credit rating
- Fast turnaround time 7-10 days is possible
- Immediate contact from our advisors
- We are a direct lender
What is a mortgage?
A mortgage is a loan secured against your property. It allows you to borrow money, usually to buy a home or raise funds against the equity you've built up. The loan is repaid over an agreed term through monthly repayments, and your home may be repossessed if you do not keep up repayments.
What can mortgages be used for?
Our mortgage products can help you:
- Remortgage an existing property.
- Raise capital against your home's equity.
- Raise capital against an unencumbered property.
- Refinance specialist residential and buy to let borrowing.
Is a homeowner loan the same as a mortgage?
No. A homeowner loan is different to a mortgage. A homeowner loan is taken out in addition to your mortgage, but your mortgage takes priority over a homeowner loan. This means that if your house is repossessed to pay off a debt, the mortgage lender will be paid first. Then the lender who provided the homeowner loan will get what they are owed. If any money is left over, you will get it.
Is a secured loan the same as a mortgage?
No. A secured loan is different to a mortgage. A secured loan is taken out in addition to your mortgage, but your mortgage takes priority over a homeowner loan. This means that if your house is repossessed to pay off a debt, the mortgage lender will be paid first. Then the lender who provided the secured loan will get what they are owed. If any money is left over, you will get it.
Mortgage vs secured loan – which is better for me?
The right option depends on your circumstances. A first charge mortgage replaces any existing mortgage on your property or can be taken against an unencumbered property. A secured loan (also known as a second charge mortgage) allows you to borrow against your home's equity without replacing your current mortgage. If you're looking to remortgage or raise capital, we'll assess your circumstances to help determine which option best suits your needs.
Is taking out a second mortgage the same as remortgaging?
No. A remortgage replaces your existing mortgage with a new one, either with your current lender or a different lender. This can be used to secure a new rate, release equity from your property, or both.
A second mortgage, also known as a secured loan or second charge mortgage, allows you to borrow additional funds against your property's equity while keeping your existing mortgage in place. This can be beneficial if you're on a competitive mortgage rate or would incur early repayment charges by remortgaging.