A 2nd mortgage, is a different home loan applied for on yet another or 2nd home, causing you to be with two concurrent mortgages to repay.

2nd mortgages are for those who would like to obtain a second home as a buy-to-let, a vacation house to rent, or are arriving towards the end of creating their repayments in the first one and may manage to have two big debts to settle. Compare mortgages with Uswitch Compare mortgages if you are remortgaging, a first-time customer, hunting for a buy-to-let or going house Nonetheless, it really is essentially the identical to another home loan, only with stricter affordability checks, as it...

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