02/11/2026
Second Charges to the Rescue!
A second charge loan could be just what you need if a remortgage or further advance doesn’t hit the spot and your circumstances fall outside of mainstream lending.
Check out these features of UTB’s second charge loan criteria. They may be just the lifeline you need.
✔︎ Limited Company Directors – Affordability can be assessed using net profit, even where dividends have not been drawn.
✔︎ Non-Standard Construction – We can consider a wide range of property types, including many forms of non-standard construction, provided the property is mortgageable.
✔︎ Benefit Income – Benefit income can be taken into account as part of the affordability assessment.
✔︎ Flexible Capital Raising – Funding is available for a wide range of legal purposes, including holiday home purchases and raising capital for a future Buy to Let investment before a property has been identified.
✔︎ Unlimited Overpayments – Borrowers can make unlimited overpayments from their own resources, including on products that carry Early Repayment Charges.
These are just a few examples of where a second charge mortgage can provide a practical solution when other options may be limited.
