Second Charge mortgages

A second charge mortgage is a great solution for clients that need to raise capital. As a secured loan that releases property equity, it offers an alternative to first charge further advances or remortgages. This can be useful in situations either where first charge options are unavailable because of borrower or property circumstances, or where the first charge route may not be appropriate, such as with large Early Repayment Charges on their current mortgage.

West One offer second charge mortgages that can be secured on residential properties. Our Residential Second Charge product range is for second charge loans secured on a client's home.

If you are interested in one of our second charge mortgages, these can currently be accessed via selected Master Broker partners. Contact us for more information or register your interest.



Residential second charge mortgages allow borrowers to release equity from their own homes.

West One offers an extensive range of second charge mortgage solutions, built on our strong reputation for taking time to understand individual borrower’s needs, and combined with an in-depth understanding of the second charge mortgage market.

This means we can cater for borrowers who require a bespoke approach to lending, such as the self-employed, older borrowers and those with less-than-perfect credit histories.

We have 3 tiers of residential second charge mortgage plans available, depending on your client's credit health.


  • Rates from 5.35% per annum
  • £10,000 to £500,000 loan sizes
  • LTV to 85%
  • 3 to 25 year terms
  • 2, 3 and 5 year fixed, with or without ERCs
  • Up to age 85 at end of term


  • England and Wales, minimum £100,000 value
  • Freehold houses
  • Leasehold flats over 55 years at end of loan term
  • Ex-local authority houses over £150,000 value
  • Ex-local authority flats over £250,000 value