The Growth of 2nd Charge Loans
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There are many reasons as to why 2nd charge loans are becoming increasingly popular. A second charge mortgage can offer an ideal solution to a remortgage, further advance or an unsecured loan. Today second charges offer very competitive rates. Some of the main reasons for using a second charge loan rather than remortgaging are:
- Current mortgage is on a low rate
- Current mortgage is interest only
- Change in circumstance
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