Second Mortgages

We provide Second Mortgages from £3,000 to £250,000 over 3 to 25 years.

We are a direct lender, not a broker, so there are no hidden fees or broker charges.

All credit histories considered – Fast Turnaround!

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Secured loans, Homeowner Loans and Second Mortgages

How much do you
want to borrow?

  • Unlimited over payments
  • Simple application process
  • I am a UK homeowner

Representative Example:

A second mortgage of £22,500 payable over 5 years on a fixed rate of 9.50% would require 60 monthly payments of £493.52. The total amount repayable would be £29,611.20, this includes interest and a product fee of £999. The overall cost for comparison is 12.0% APRC representative.

Customer Google Reviews - Central Trust Ltd

We Can Give You a Fantastic Deal on a Second Mortgage FAST!

At Central Trust, we provide great value second mortgages from £3,000 up to £250,000 over 3 to 25 years.

We have been providing second mortgages (also known as “second charge mortgages”) since 1988, which makes us one of the longest established specialist lenders in the UK. We are not a broker, we are a direct lender - this means that there are no hidden fees or broker charges.

We specialise in providing second mortgages to homeowners and mortgage holders as quickly as possible, and with very competitive interest rates. We believe that your credit history shouldn’t stop you getting the second mortgage you need, so we always do our best to help everybody. As a direct lender we can even provide loans for people that have adverse, poor or even bad credit!

Our dedicated team of advisors will do everything they can to get a great deal on your second mortgage as quickly as possible for you - apply for your second mortgage now and discover just how much we can help!

 

What is a Second Mortgage?

A Second Mortgage runs alongside your existing mortgage – it is an additional loan that is secured against your home that allows you to borrow money using the equity in your property.

Using your home as security against the loan allows you to get a better interest rate for your loan and can also let you borrow money with an adverse, poor or bad credit history. To get a second mortgage, you must already have a mortgage for your home – naturally you will not be able to get a second mortgage if you are a tenant renting a property.

Second mortgages do not replace your existing mortgage, they are an additional loan. This additional loan uses your home as security, so there must be enough equity in the property to cover the amount of money you borrow. By using your home as security in this way, it allows lenders to be more flexible regarding who they lend money to. It also usually allows them to offer lower interest rates than unsecured borrowing. This often means that second charge mortgages can often be provided to people with adverse, poor or even bad credit histories helping them avoid the higher interest rates that are usually attached to unsecured borrowing.

 

Second Mortgages for Bad Credit

As well as a great option for people with good credit, second mortgages can also be a great way for people with adverse, poor or even bad credit histories to get a loan…

If you have a mortgage but are finding it hard to get an unsecured loan due to issues with your credit profile, a second mortgage that uses your home as security could be the answer. This means that whatever credit circumstances you may currently be experiencing, we will do our utmost to help you secure a second mortgage…regardless of your credit history!

At Central Trust, we consider applications from people who may be experiencing credit issues such as missed payments, CCJ’s or defaults. We consider each and every application on its own individual basis – this means that whatever credit circumstances you may currently be experiencing, we will do our utmost to help you secure a second mortgage…regardless of your credit history!

Our Second Charge Mortgages

We will help you get the loan you need quickly and with exceptional customer service. At Central Trust, we are here to help YOU.

As a direct lender with over 30 years’ of experience providing customers with great value second mortgages and secured loans, we know exactly what it takes to get you the very best loan possible…

More Than 30 Years’ Experience

We have been providing loans since 1988 which gives us over 30 years’ of experience and makes us one of the longest established specialist lenders in the UK. We provide fast loans at competitive rates and pride ourselves on the exceptionally high level of service we provide to all of our customers.

Fast and Simple Application

Applying for a second mortgage with us couldn’t be easier. Simply call our loans team directly on 0800 980 6273 (Mon–Fri: 8:00 am–7:00 pm / Sat: 9:00 am–1:00 pm) or apply online at any time using our quick and easy online form.

Exceptional Customer Service

At central Trust we pride ourselves on our customer service. We ensure that each and every one of our customers is treated with courtesy and respect. If we ever need to contact you, we always make sure it is at a time that suits you. We always answer questions honestly and deal with any queries quickly and fairly.