Second Properties

  • Whatever your reasons for buying a property, it can be an exciting time. Park Hall teams like to keep things that way for clients.
  • Wherever possible, we anticipate potential hurdles to prevent them, and shoulder any that are unavoidable, whether that’s simply answering lenders’ questions or submitting additional documentation.
  • We work steadfastly to keep the mortgage application process moving.  
 
CALL US  BOOK A MEETING

Home / Services / More Mortgage Options / Second Properties

Speak to our professional

Emma Snowden CeMAP qualified mortgage adviser and has over 15 years of experience. She and colleague, Katrina Hallam, a CeMAP qualified mortgage adviser with over 20 years of experience lead the mortgage team. They consider your current financial circumstances and what you need, then guide you in terms of lenders, requirements and conditions so you can reach a decision on; and, if so, which lenders would be the most suitable for you to approach. 

CONTACT Emma
Emma Snowden CeMAP
Mortgage Adviser

Body

Second mortgages are for the purchase of a second property and are not the same as a second charge mortgage or remortgaging. Obtaining a second mortgage while paying off your first is considered riskier - and will require careful consideration. We can provide clarity to the situation and help you to take the next step up the property ladder.

Free initial consultation

We invite you to a free introductory meeting to discuss your mortgage and protection needs. Designed to give you a feel for Park Hall, we can also assess your financial story.

READ MORE

a hand holding a key with a keychain in the shape of a house

Common Reasons to Buy a Second Property

  • Own a family holiday home
  • Help a family member get on the property ladder
  • Downsizing retirement plans for the future

We understand how buying a property can take some navigating. We help you through the process and will remind you in advance of any relevant upcoming mortgage deal renewal dates thereafter.

DISCOVER MORE

a man with a backpack hiking on a mountain trail

First Mortgage Vs. Second Mortgage

The process of getting a second mortgage is not so different from the first. One aspect of the process which is likely to be different is the level of scrutiny that lenders will put on your finances. With two mortgages to pay, they will want to be 100% sure that you have the means to pay both mortgages without defaulting on payments. You may need to place a bigger deposit on a second mortgage.

All of these details can be discussed with us, so you fully understand the process of acquiring a second mortgage.

Get in touch

For financial services that are independent, individually tailored and incomparable, contact us today. Our knowledgeable and helpful advisers will be happy to help.

CALL US EMAIL US

Warning Text

icon

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Related Links

How has Philippa Bown helped you?

Phillipa has helped by regular face to face meetings with additional responses to questions. She has guided us through uncertain financial times.  Introduced us to different products to better serve our future. Philippa is an approachable adviser and explains with patience aspects of our financial choices.  We are confident that as we enter a different stage in our lives that her advice will continue to provide a secure base for our future.

Pauline

I have been a client of Park Hall for some years and following some changes in the organisation I have had Andrew as my Advisor for just over 1 year. Andrew undertook a thorough review of my existing portfolio, current financial situation and retirement goals at our first meeting. He provided detailed cashflow forecasting which has provided me with a much better picture given the various scenarios. He also made valuable suggestions regarding costs and charges which will make savings without compromising the investment.

B Taylor

Unlock the answers you seek- the best solutions often start with the right questions!

FAQs

Stay in the loop

Latest News

VIEW ALL NEWS
Let's turn your questions into solutions

Request a call back

Request a call back

Request a Call Back

CAN WE HELP YOU WITH SOMETHING?

Submit your information

You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 2018. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.

From time to time, we would like to contact you about our products and services which we think you might be interested in. If you consent to us contacting you for this purpose please tick to say how you would like us to contact you.

WHERE WE ARE

01623 651 773
2 Market Place
Mansfield Woodhouse
Mansfield, NG19 8AS


Email Us

footerlogo

 

Tax advice and planning, Buy to Let mortgages and Trusts and not regulated by The Financial Conduct Authority.
Please note that some advice on auto-enrolment schemes is not regulated by the FCA.
The value of your investment can fall as well as rise and is not guaranteed.
This is a lifetime mortgage (home reversion scheme). To understand the features and risks, ask for a personalised illustration.
Your property may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your property. There may be mortgages available on the high street, which Park Hall may not have access to.
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk
Park Hall Financial Services Limited is authorised and regulated by the Financial Conduct Authority. FCA No. 514480.
Registered Office: 2 Market Place, Mansfield Woodhouse, Mansfield, NG19 8AS.
Park Hall Financial Services Limited is registered in England and Wales, Reg No. 06839868.
The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at customers based in the UK.

Copyright © WEBPRO all Rights Reserved · Website development and design by WEBPRO Mortgage

Call Us Email Us
cross
cross
cross