Credit cards, loans, car finance — combine them all with a second charge loan secured on your home, while your existing first-charge mortgage stays in place.
Takes about 2 minutes · Won’t affect your credit score · No obligation
You’ll need to own a UK property worth at least £100,000 and want to borrow £15,000 or more. This is borrowing secured against your home — we don’t offer personal or unsecured loans.
Juggling five payments at five different rates? Here’s how one of our clients restructured £38,500 of unsecured debt.
Representative example, for illustration only: borrowing £38,500 over 10 years to repay unsecured debts, with a broker fee of £1,495 and a lender fee of £495 added to the loan (total amount of credit £40,490), repaid on a capital-and-interest basis at an annual interest rate of 9.9% (fixed) would mean 120 monthly payments of £532.84 and a total amount repayable of £63,941. Representative APRC 11.7%. Your actual rate, fees, term and payments will depend on your circumstances.
The lower monthly payment in this example is partly the result of repaying the debts over a longer term, which may increase the total amount repayable. Your adviser will always show you the full cost comparison before you decide anything.
If you locked in a low mortgage rate, remortgaging to raise money may incur early repayment charges, which can be significant. A second charge loan sits alongside your mortgage instead — though a remortgage may still be cheaper overall, so we compare both.
Where remortgaging would result in significant early repayment charges, a second charge loan — which sits alongside your existing mortgage — may be an alternative. Whether this is suitable will depend on your individual circumstances and the overall cost of borrowing; a remortgage may still be cheaper overall.
Depending on your circumstances, you may be able to bring eligible debts into a single structured monthly payment. Spreading them over a longer term can increase the total you repay.
We're a whole-of-market broker. If consolidation isn't right for you, we'll tell you — and show you what is.
A short form or a quick call. We'll listen first — your debts, your home, what you want monthly life to look like.
Your dedicated adviser compares a broad panel of lenders, including specialists who consider imperfect credit, and talks you through the options.
We manage the application, valuation and legal work. Funds clear your debts, and you start fresh with one payment.
Ryan, Megan, and Dani were absolutely outstanding in helping me secure a second charge mortgage to clear my existing debt, something I had been struggling to achieve elsewhere. … Their communication was excellent, and I always felt supported and fully informed.
After being let down by other brokers, we came across Ryan Coles who was extremely professional, honest and reassured us from start to finish. … We highly recommend CoG Financial to anyone but in particular to people stuck in a difficult remortgage.
As a single parent I'd given up hope of being able to buy my ex husband out of the family home. After initially speaking with Ryan, I knew within an hour that I would be able to have lend enough to do just that! … I would definitely recommend COG Financial.
It's a loan secured against your home that sits behind ("second" to) your existing mortgage. Your existing first-charge mortgage stays in place — it isn't replaced. The second charge is a separate agreement, often used to consolidate debts or fund home improvements.
No. We don't offer personal loans or any other unsecured borrowing. A second charge loan is secured against a property you own, which is why the amounts and terms available are different — and why you need to be a homeowner to apply. If you own your home outright with no mortgage on it, a second charge isn't possible either, but a remortgage may be, so tell us and we'll look at that instead.
No. Our initial eligibility check uses a soft search, which is invisible to other lenders and has no impact on your score. A full credit check only happens later, with your explicit permission, once you've chosen to proceed.
Very often, yes. Because the loan is secured, many specialist lenders will consider defaults, CCJs, and missed payments. We work with a broad panel of lenders, including specialists most high-street brokers can't access.
Timescales depend on your circumstances, the information you provide, the lender and the valuation. A decision in principle can sometimes be available quickly, and your adviser will give you a realistic timeframe for your situation.
Honestly — no, not always. Spreading debt over a longer term can increase the total you repay, and securing debt against your home carries risk. That's exactly why you speak to a qualified adviser, not a comparison engine. We'll only recommend it when it genuinely improves your position.
We’ll compare all available options with you — including remortgaging and leaving your existing borrowing unchanged where that’s appropriate — and only recommend a second charge loan where it genuinely suits your circumstances.
Debt consolidation may not be appropriate in every situation, and in some cases it may be more suitable to seek support from a free debt charity such as StepChange.
⚠ Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Find out what’s possible in a few minutes. Checking won’t affect your credit score, with no obligation and no pressure — just clear answers.
Check My Eligibility →