Octagon Secured Loans
A second charge secured loan is a great way to unlock the equity in your home. If you need to consolidate debt, finance home renovations, or raise capital without remortgaging, this option provides flexibility and quick access to funds.
With fluctuating mortgage rates, remortgaging may not always be the most affordable choice, especially if you’re on a competitive fixed-rate deal. A second charge loan enables you to obtain extra funding without changing the terms or rate of your current mortgage.
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What are secured loans
If you’re looking to raise funds for a specific project or manage existing debt, a second charge loan might be the perfect solution to achieve your goals without impacting your current mortgage.
A second charge loan, also known as a second charge mortgage or a homeowner’s loan, is a financial product secured against the equity in your home. Unlike a standard mortgage, it is positioned as a “second charge” on the property, meaning it takes priority after your primary mortgage (first charge).
This type of loan enables you to borrow extra money without altering the terms or interest rate of your current mortgage. It’s an attractive option for homeowners who need additional funds while keeping their existing mortgage unchanged.
Am I eligible?
You need to be the property owner. While it’s not necessary to reside in the property, you must have legal ownership.
Secured loans can be applied to residential, buy-to-let, and commercial properties.
Sufficient equity in your property is required to secure the loan.
Applicants should be at least 18 years old, and the property should be based in the UK.
You will need to provide proof of your income and demonstrate your ability to repay the loan.
Applications from homeowners outside the UK are also considered.
How Octagon can help
As one of the UK’s leading commercial, business, buy-to-let and homeowner mortgage brokers, we combine national scale with personalised support. Our advisors have helped hundreds of clients – from business owners to seasoned investors, finance everything from single units to complex property portfolios to expand on your financial futures.
Our advantage lies in our reach. Through exclusive access to specialist lenders and bespoke underwriting routes, we negotiate better outcomes, faster, simpler, and more aligned with your goals.
With Octagon, you don’t just get a broker, you gain a strategic partner with an experienced team of experts in commercial finance.
Start your funding journey today.
Whether you’re purchasing, refinancing, or expanding – our advisors are here to help.
We can arrange commercial mortgages with up to 80% Loan-to-Value (LTV) without requiring additional security.
For borrowers able to provide additional security, we can source mortgage loans of up to 100% LTV, based on the value or purchase price of the property.
We pride ourselves on our reputation for transparency, integrity, and professionalism. We believe in forging long-term partnerships with our clients, built on trust and success. Our track record of delivering results speaks for itself, as we have helped numerous individuals and businesses secure the financing they need to achieve their ambitions, expand their property portfolios, and grow their businesses.
Octagon are here to provide you with the expertise and guidance you need to make the right financial decisions.
Trust us to be your dedicated partner in navigating the complexities of property finance, as we strive to exceed your expectations and help you achieve your financial goals.
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Working with Octagon and their team has been an absolute eye opener for me, without them I never would be where I am now, thank you all.