Second Charge Mortgage
Can you move home with a second charge mortgage?
Yes, you can certainly move house with a second mortgage. You will usually be required to pay off your second mortgage in full before moving which can be quite a large sum.
To limit the fees you pay, it is worth speaking to your second mortgage provider about your plans to move before going ahead.
If you haven’t yet taken out a second mortgage, it is worth thinking ahead and whether you think you will be moving house and how this could affect your mortgage.
In most cases, homeowners are able to combine their two mortgages into a new deal and have it transferred to their new property.
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