Most frequently asked Questions?

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What is the difference between re-mortgage and a second charge?

A re-mortgage is when you change from your existing lender whom holds the 'First Charge' to an alternative source. With second charge you remain with your current lender and providing they give permission, another lender may place a legal charge or second mortgage on the difference between the first charge or current loan and the value of the property. Generally the re-mortgage option is a cheaper method of raising capital rather than the second charge.