Whats a 2nd Mortgage

What's a second mortgage?

pledge money Like a mortgage, a secure credit is secure on your real estate - hence the name. Credit terms are recorded in the Cadastre, which is known as the "registration of a fee" for your real estate. That means that when you are selling your home, any purchaser can see the secure credits and make sure they are disbursed - similar to an HPI cheque on a vehicle.

A mortgage used to buy a home is usually the first encumbrance, and when you are selling, it has precedence over being disbursed first. It is the discrepancy between the value of your home and the amount of cash you have owed that is backed against your home. When your home is £100,000 and you have a first mortgage of 50,000, your loan is 50% of the value of your home - that's 50% LTV.

For more information, see the page on Regulation Cover for Borrower.

Shavbrook Bank

That means we take responsibility for your real estate, just like a mortgage lender does. It will be deleted as soon as the credit is fully reimbursed. Consideration must be given to whether you can make the payment throughout the life of the credit (not just during an initial phase when you can lower the interest rate).

Retrospective mortgage

The Credit Reporting Agency Limited is licensed and regulated by the Financial Conduct Authority (Company References 690175). The Credit Reporting Agency Limited is a credit bureau which has been filed with the Information Commissioner's Bureau, Register Number Zy6636832. The Credit Reporting Agency Limited est située en Angleterre, à Trevithick House, Trevissome Park, Truro, TR4 08UN, Sitz.

We may ask you to give us information that may slow down your credit report if we are not able to check your ID on-line when you sign up. All available information is obtained from Callcredit, Rediva and Equifax.

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