100% Recommend

Expertly compared by Simon Nicholson

Products Updated October 19, 2023

Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it.

Read our customer and visitor reviews for this product:

Rating: 4.6 / 5 with 31 votes

Good for secured loans

by Abdul R

Good service for secured loans with a full brokerage service. Good panel of lenders to suit most customers.

Found the right mortgage I was looking for

by Mrs Dale

Had a very positive experience using the mortgage pages. Thankyou.

About Equifinance

As a second charge mortgage lender, Equifinance specialises in helping customers with less than ideal credit backgrounds and those in the process of recovering their financial situation. We aim to deliver products that suit the borrower and that make sense for you. We like to keep it simple, without the use of a credit rating to determine the final say in your case. We know that credit isn’t the only thing that counts, and we are sympathetic to those who are struggling with their employment situation.

At Equifinance, we provide an alternative to remortgaging your home. The funds that you borrow against your home can be used for whatever purpose you want. In most cases, the interest rate is far lower than you would have seen elsewhere for other loans, and we make a point of preserving the benefits of your first mortgage at the same time.

Products & Features

Second charge mortgages are used for a number of purposes including:

  • Debt consolidation: clients with unsecured debt can use a second charge mortgage with Equifinance to pay off unpaid debts and have a smaller repayment in one place.
  • Home improvement: for those with the need for finance for an extension or a refurb on the home, a second charge mortgage could give them that finance.
  • Major purchases: a second charge mortgage is also perfect for those with a wedding to pay for or simply to pay for a family holiday.

You can repay your loan up to 25 years, and you need to be 21 to apply. Loans are secured against your home and we have both fixed and variable rates available for you to choose from. Variable rate second charge mortgages mean that the interest rates can change over time and fixed rate second charge mortgages have the interest fixed for a period of time. We work with intermediaries, so if you are interested in a second charge mortgage with Equifinance, you need to contact a qualified broker to work on your behalf.

The advantages to a second charge mortgage are many and varied, including the fact that this is a good alternative to unsecured credit from other places. This is because your interest rate is more likely to be lower with a second charge mortgage from Equifinance.


One of the many benefits of a second charge mortgage is the fact that you can avoid Early Redemption Charges. You could be back on your feet after paying off debt, or back on the road after a new car purchase. With Equifinance, you could have your funding sorted out as soon as possible. We aim to give you the best possible service, and if you need to find a broker on your behalf, you can give us a call and we can see what we can do to help you out.