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.

Optimum credit

Second charge mortgages

A range of variable, fixed and discounted rate second charge mortgages available either by applying directly via our fully qualified mortgage advisors or through one of our carefully selected broker intermediaries.

  • Borrow from £5,000 to £1,000,000
  • Repayment periods from 3 to 30 years
  • Borrow up to 95% of your property’s value (less your existing mortgage)

Subject to your individual circumstances


Optimum credit

Who are we?

Optimum Credit is a leading provider of second charge mortgages for homeowners in England, Wales and Scotland. Optimum’s approach to meeting the needs of our customers has seen us advance funds totalling over £750m since launching in June 2014.

Based in Cardiff, we offer a range of variable, fixed and discounted second charge mortgages which can be applied for by speaking directly to one of our fully qualified mortgage advisors or approaching one of our carefully selected Broker Intermediaries (in both cases fees may apply).

Our aim is to provide you with a second charge mortgage that meets your individual and personal circumstances.

Optimum Credit could offer you a second charge mortgage of any amount from £5,000 to £1,000,000. We offer competitive fixed, discounted and variable rate products. The actual rate we offer will depend on your individual and personal circumstances.

We can offer a repayment term of 3 to 30 years subject to your individual circumstances and credit checks.

Optimum Credit could offer you a second charge mortgage of any amount from £5,000 to £1,000,000.

We can offer a repayment term of 3 to 30 years subject to your individual circumstances and credit checks.

Borrow up to 95% of your property’s value, less the existing mortgage balance subject to a satisfactory valuation. Minimum property values and conditions apply.

Optimum credit

Second charge mortgages

Second charge mortgages are available to homeowners who currently have an existing first charge mortgage.  In the same way as your existing mortgage they are secured against your property. 

Second charge mortgages are often taken out to re-organise personal finances, and can allow customers to consolidate existing debt into easy to manage monthly payments. All applications are considered and assessed individually but you should be aware that when consolidating existing credit this may result in you extending the repayment term of your debt and could increase the total amount you repay.

With a second charge mortgage from Optimum Credit, you can borrow up to £500,000, subject to your individual circumstances and credit checks. This often could be more than you could borrow with an unsecured personal loan – the main difference being that the borrowing is secured against the value of your home.

We offer competitive fixed, discounted and variable rate products. Optimum products are available by application either directly via our fully qualified mortgage advisors or through one of our carefully selected Broker intermediaries (in both cases fees may apply).

You may be able to borrow up to 95% of your property’s value, less the existing mortgage balance, subject to a satisfactory valuation and a minimum property value.

One of our qualified mortgage advisers will discuss your specific requirements with you before recommending a suitable mortgage from Optimum’s product range based upon your individual circumstances and needs.  

We offer a straightforward, customer friendly approach, both during your application  process and after completion of your second charge mortgage. We offer you the flexibility to make overpayments, at any time, without applying any form of financial penalty.

You can repay your second charge mortgage in full at any time, however early repayment charges may apply.  Full details are contained in your Mortgage Offer document sent prior to completion or in the ‘Early Repayment Section’ on the reverse of your Loan Agreement.

Please do not hesitate to contact us if you are uncertain about the early repayment charges on your second charge mortgage account.

If you have received mortgage advice directly from us, we are responsible for ensuring that the valuation is carried out and we will pay the cost of it.  In limited circumstances you may need to pay some, or all of this cost and we will notify you if this is the case.

If you have received mortgage advice from your personal mortgage adviser, the responsibility for ensuring the valuation is carried out, and for paying the cost of it, will fall to either your mortgage adviser or Optimum Credit.  No additional cost would normally arise as a result of a property valuation, but your mortgage adviser or Optimum Credit will notify you if you need to pay some, or all of this cost.  A portion of any fee that you pay your mortgage adviser may include an element towards the cost of a property valuation.

Optimum credit

Our partners

Our dedicated team also work with a range of approved specialist partners to offer second charge mortgages to customers.

We are always interested in building new partnerships and we pride ourselves on the lasting relationships we build with our broker intermediaries. We will help you find the right deals for your customers based on their individual circumstances and we will work hard to get you a quick decision and outcome. If you are interested in working with us, please contact our Wholesale team.

Optimum credit

Existing customers

If you’re an existing Optimum Credit customer and would like to speak to us about your second charge mortgage, please get in touch if you would to talk about any of the following.

There may be occasions when you will require further funds for a variety of reasons, for example, to complete a home improvement project, as a deposit on a second property, to finance a wedding or university costs etc. 

If you are an existing customer please contact us and we’ll be happy to discuss your specific options and requirements.

Crest Nicholson

If you have any queries about your Crest Nicholson Shared Equity Mortgage you can contact us on 0330 024 4945.

HomeBuy Direct / FirstBuy

If you have any queries about your HomeBuy Direct of FirstBuy Shared Equity Mortgage you can contact Target Servicing Limited on 0345 848 0235 or target.hca@targetgroup.com.

Optimum credit

Contact us

We love to hear from our customers, so if you have any queries, please feel free to get in touch.

Optimum Credit - Second Charge Mortgages for homeowners
Optimum Credit - Second Charge Mortgages for homeowners
Optimum Credit - Second Charge Mortgages for homeowners

We've received your details and one of our team will be in touch with you shortly.

This website uses cookies to ensure you get the best experience on our website.

This website uses cookies to ensure you get the best experience on our website.