Think carefully before securing other debts against your home. Your home may be repossesed if you do not keep up repayments on a mortgage or any debt secured on it. Typical APR 8.5%, 66% of customers get this rate or better.
A 2nd charge mortgage is a loan that is secured upon your home and against the equity you may have built up in your property. 2nd mortgage loans are more commonly known as secured loans.