A second mortgage – also known as a secured loan – can be smart alternative to a remortgage for those who need to raise finance for home improvements or other big events.
But there is a shroud of mystery which surrounds these lesser-known but super handy mortgage products.
Eager to learn more, we invited Matt Tristram, co-founder and director of Loans Warehouse, into our studio to quiz him about what a second mortgage is, who can apply for one and what, exactly, they can be used for.
Not only did we discover the many scenarios for which people take out secured loans, but we also learnt how there are many misconceptions around them.
From the length of time the application process takes to who might be eligible – we think you’ll be surprised about what second mortgages can offer.
Among the topics covered in this podcast are:
- What’s a second mortgage/secured loan?
- What can you use a second mortgage for?
- Who can take out a second mortgage?
- Busting myths around second mortgages
The podcast is available on Podbean, Apple or Spotify and you can link directly to these platforms below. You can also watch the chat on our YouTube channel.
You can find about more about Loans Warehouse by visiting the website here.
