Secured loans & second charge mortgages in Wigan & Warrington
If you own a home in Wigan or Warrington and need to raise funds without changing your main mortgage, a second charge mortgage—often called a secured loan—could be the answer. These products let you borrow against the equity in your property to finance home improvements, consolidate debts or cover major expenses.
We work closely with a panel of FCA‑regulated lenders who offer second charge mortgages to a wide range of borrowers, including those with adverse credit. While we are not CAS‑qualified advisers, we can explain how these loans work and introduce you to lenders who may suit your circumstances.
What is a second charge mortgage?
A second charge mortgage sits alongside your existing mortgage and is secured against your property.
It allows you to access some of your home’s equity without remortgaging or disturbing your first mortgage rate.
Repayments are made over a fixed term, and the interest rate will depend on factors such as your credit profile and the amount of equity available.
Why consider a secured loan in Wigan & Warrington?
Debt consolidation: Combine multiple debts into one secured loan and potentially reduce your monthly payments.
Home improvements: Fund an extension, new kitchen or energy‑efficient upgrades without remortgaging.
Keep your current mortgage: Avoid early‑repayment charges or losing a favourable rate by leaving your first mortgage untouched.
Local property values: Wigan and Warrington homeowners often have significant equity that can be unlocked for other financial needs.
How we can help
We specialise in connecting homeowners in Wigan and Warrington with trusted second charge mortgage lenders. Our role is to listen to your goals, outline how these products work and, if appropriate, introduce you to a lender who may offer what you need. Your initial consultation is free and there’s no obligation to proceed.
Interested in exploring secured loan options? Get in touch via our contact form or call 07359 911 696 for a free, no‑obligation chat about second charge mortgages in Wigan and Warrington.
Frequently Asked Questions
How long does it take to get a second‑charge mortgage approved?
Every lender is different, but once all documents are provided, approvals can often be completed within a few weeks. Factors such as property valuation and the complexity of your case can affect timing.
Do I need a perfect credit score to qualify?
Not necessarily. Because the loan is secured against your property, lenders are often more flexible. We work with lenders who consider applicants with a range of credit histories.
What if I want to repay early?
Many second‑charge mortgages allow early repayment, but there may be early‑repayment charges. It’s important to check the terms of the specific product you’re offered.
How much can I borrow?
The amount you can borrow depends on your home’s equity, your income and your overall financial situation. Lenders typically offer from £10,000 upwards, but you should only borrow what you can comfortably repay.
Regulatory disclaimer
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Chris Smith & Sarah Tinkler Mortgages is an appointed representative of BB Mortgages Ltd (FCA number 795789). We are not CAS‑qualified advisers; any guidance we provide is general in nature. Our services are subject to the UK regulatory regime and intended for UK consumers. Fees may be chargeable if you proceed with a mortgage or secured loan.