Secured Loans

Release equity from a property you own, perfect for consolidating debt, completing home improvements, or as an alternative to a remortgaging

More About Secured Loans

Second Charge Secured Loans

A second charge loan can be an effective way of releasing equity from a property you own. They are ideal if you want to consolidate debt, complete home improvements, or as an alternative to a re-mortgage.

With current mortgage rates at an all time low, if you are on a low tracker or your lenders standard variable rate, then a re-mortgage may not be the most cost effective way to release capital from a property, but you are still able to capital raise with a secured loan without affecting your current mortgage rate.


  • check_circle Loans between £25k and £2.5m

  • check_circle No early settlement fees on secured residential home loans

  • check_circle Homeowners and Landlords only

  • check_circle Second charge - Security

  • check_circle No Upfront Fees

  • check_circle All circumstances considered

About Second charge secured loans

    • About Secured Loans
    • Am I eligible?
    • Purposes
      • What are second charge secured loans

        A second charge secured loan is quite often referred to as a second charge mortgage because it is a loan secured against the available equity in a property you own. The security is usually in the form of a second charge mortgage against the property which means that it sits behind and does not affect the primary (first charge) mortgage.

      • Do I qualify for a second charge loan?

        Second charge secured loans can be considered under the following circumstances;

        • You must be a homeowner to get a second mortgage, although you do not necessarily need to live in the property.
        • Secured loans can be arranged against residential, buy to let and commercial properties
        • You must have equity available in your property to secure the loan against
        • Must be able to prove your income and ability to repay
        • Must be at least 18 years of age and "the property" must be in the UK
        • Overseas applications welcome
      • Second Charge Secured Loan Purposes

        Secured loans can be made available for most legal purposes, including;

        • check_circle Settling tax bills
        • check_circle Raising a deposit for property purchases
        • check_circle Raising funds for business investment
        • check_circle Home improvements
        • check_circle Debt consolidation
        • check_circle Weddings
        • check_circle School/university fees
        • check_circle Car purchases
        • check_circle Dream holidays

Thank you for all your help in consolidating all of our debt and so greatly improving our family situation

Sophie,
Wiltshire

Prospero Finance are an appointed representative of Executive Wealth Management Ltd who are Authorised and Regulated by the Financial Conduct Authority. Financial Services Register Number 534018