Mortgages

Second Charge Mortgages

A second charge mortgage is – you guessed it – a mortgage against a property with an existing mortgage on it.

It’s completely separate from the first mortgage and comes from a different lender, but you do need your current lender’s permission before securing the second. So why think about a second charge mortgage? There are many reasons to consider it; maybe you want to avoid remortgaging as your introductory deal is still in place and your mortgage has ERCs (early repayment charges), or your current mortgage deal is really good and you want to make sure you don’t lose it through remortgaging. A second charge mortgage can also be a suitable option if you can’t get a further advance from your existing lender, or your credit score has declined since securing your first mortgage.

Family in kitchen | RIgh tto buy mortgage | Nook Mortgages

Testimonials

Our happy clients

Amazing, simplistic & understandable communications, extremely reliable, the best service. I was worried about where to start, whether what I wanted would be achievable and whether it would be too complicated. One phone call with Katy and all my concerns were put to one side - literally something so daunting became the easiest process on my side as I had to do very little. Katy explained everything and reassured me if I needed it. The best experience

Clare Whiteley

Chris was the only consistent part throughout buying a house. Due to other issues we lost our first home which meant Chris had to find us a mortgage (again) during a pandemic and on the day the housing market reopened after the first lockdown. He did it and with a great rate. He supported us with video calls and constant updates. Thanks to Chris we are now settled in our new forever home. I would 100% recommend Nook mortgages.

Sarah Lindsey

We contacted Nook Mortgages after the house we were buying fell through at the last minute and we were struggling to get another mortgage at the height of the pandemic. We had already sold our house and were living with family which was not ideal. Straight away, Katy set our minds at ease and quickly managed to secure us a mortgage on our dream home. Katy stayed in touch via Zoom, email, and phone throughout the whole process and went above and beyond when we needed help with an unnecessarily complicated and stressful purchase. We got the keys 3 weeks before our baby was born and we really can’t thank Katy and the whole team enough for making it happen. I would recommend Nook Mortgages to anyone for the fabulous service they provide.

Caroline Chambers

Thank you so much to Chris at Nook mortgages for helping us get on to the property ladder and secure our first family home. Nothing was too much trouble and he visited us at home at times convenient for us. Chris secured us a great mortgage deal and it only took 10 weeks from the mortgage application to completion. We will definitely be using Nook mortgages again when it's time to re-mortgage.

Helen Crosby

We Cannot thank Katy and the team enough for everything they did for us, as first-time buyers we didn't have a clue where to start. Katy was amazing and made everything so easy also took away the stress for us. we got our keys yesterday and we are just so happy. Would highly recommend Nook mortgages, Thank you guys for everything!!

Emma Grace

Fab service from Chris! Able to make home visits and easy to chat to, ask any questions and we got our mortgage and house sorted from first viewing to moving house in under 12 Weeks! Great mortgage deal secured with Cashback and we changed bank accounts right before completion, no problems whatsoever and it was changed over. Would 100% recommend to anyone as we were first time buyers with absolutely no idea. Thank you Chris and Nook!!!

Jacob Wells