Uses for a loan (Second Charge Mortgage)

You can easily raise a loan as a second charge on your property.

The most common reasons for a loan is to consolidate credit or for home improvements

However, you can use this type of loan for many other reasons, such as:

  1. Car purchase
  2. School fees
  3. Weddings
  4. Gifting money to your children
  5. Repay a tax bill
  6. Transfer of equity
  7. Lease extension
  8. A deposit on a second property
  9. Land Purchase
  10. Business purposes

Lenders are far more flexible with their criteria when they have the security of your home.

With a good credit rating usually there is no problem, but if you have some adverse points on your credit file we can still help.


At Solution Mortgages, we have lenders who can help in most circumstances.

Call us today on 0800 035 6443 and speak to one of our dedicated advisers.

Or you can complete our quick and easy enquiry forms by clicking the ‘Apply now’ button.

Our advisers aim to get back to you within the hour.