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Can I have a Second Mortgage?

Here are some reasons you might need a second mortgage in Leicester?

Can I have two mortgages? | MoneymanTV
  1. Do you want a second mortgage to raise money for your existing home?
  2. Are you looking to rent out your existing home and purchase a new one?
  3. Are you looking to help your children out with a second mortgage?
  4. Do you require a second mortgage to purchase a buy to let property in Leicester?
  5. Is your name on an existing mortgage, and you are looking to buy a new property?

Second Mortgage to Raise Money

If you have equity in your home and are looking for a second mortgage in Leicester to release some of this to fund a purchase or something else, then we can help.

Quite often, at this time, if you are currently on a Lender’s standard variable rate, we can shop around and find a more competitive deal at the same time as releasing capital.

A further advance with your current Lender is also an option.

Second Mortgage to Rent Out Existing Home to Purchase a New one

If you are looking to move house but keep hold of your existing property with the view to let it out, we will be able to help.

Your second mortgage will be a new residential one. This type of move is known as the Let to Buy scheme in Leicester and is becoming increasingly popular in recent years.

Second Mortgage to Purchase a Home for Your Children

If you are exploring the options available to you for helping your children or grandchildren with getting on the property ladder, there are now many products that we can run through to achieve this.

Second Mortgage for a Buy to Let in Leicester

If you are looking to purchase a Buy to Let in Leicester, we can help.

Named on Existing Mortgage and Want to Buy a New Home in Leicester

Are you currently named on another mortgage and would like to purchase a new property to move? The situation that we come across regularly especially due to divorce or separation and can often help.

Whatever your situation is to get a second mortgage, being an experienced mortgage broker in Leicester, we can search thousands of mortgage deals on your behalf and recommend the most suitable product for you based on your situation.

Date Last Edited: December 6, 2023

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