Second Properties

  • We offer fee free mortgage advice. We do not charge our customers for any mortgage advice we are purely paid by the lender on completion.
  • We work with dozens of lenders including the high street banks and can compare their deals for you, always with your best interest at heart.
  • We take away the stress and uncertainty of applying directly with a lender who may not have the most suitable deal for you.

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Second mortgages are for the purchase of a second property and are not the same as a second charge mortgage or remortgaging. Obtaining a second mortgage while paying off your first is considered riskier - and will require careful consideration. We can provide clarity to the situation and help you to take the next step up the property ladder.

Common Reasons to Buy a Second Property

  • Own a family holiday home
  • Help a family member get on the property ladder
  • Downsizing retirement plans for the future

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We take away the stress and uncertainty of applying directly with a lender who may not have the most suitable deal for you.

First Mortgage Vs. Second Mortgage

The process of getting a second mortgage is not so different from the first. One aspect of the process which is likely to be different is the level of scrutiny that lenders will put on your finances. With two mortgages to pay, they will want to be 100% sure that you have the means to pay both mortgages without defaulting on payments. You may need to place a bigger deposit on a second mortgage.

All of these details can be discussed with us, so you fully understand the process of acquiring a second mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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  • Brenda and Paul
    "We feel positive about our future and feel our finances are in safe hands"
  • Juliette
    "I really love working with Michelle, she went above and beyond to help me get my ideal mortgage"
  • Louise
    "Verve are genuinely passionate about your financial future, whether you're 19 or 90"
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