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About us

Flexible, competitive and responsible

Second charge mortgages are a solution for many customers in a variety of situations and circumstances. As a responsible lender, Optimum Credit will only lend to customers who, as a result of the application process, we believe have the ability and intention to repay the second charge mortgage.

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 100% of your property’s value, less the existing mortgage balance subject to a satisfactory valuation. Minimum property values and conditions apply.

We offer competitive fixed, discounted and variable rate products. The actual rate we offer will depend on your individual and personal circumstances.

We offer flexible overpayment options, without penalty, which allow you to either reduce the term of your second charge mortgage, or reduce your monthly repayments, whichever suits your circumstances, firmly putting you in control.

You can expect a straightforward, customer friendly approach both during your application process and after completion of your second charge mortgage.

Optimum Credit

About Optimum Credit

Optimum Credit is a leading second charge mortgage provider for homeowners in England, Wales and Scotland. Optimum’s approach to meeting the needs of our customers has seen us advance funds totaling over £1bn since launching in June 2014.

Based in Cardiff and Uxbridge, 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).

What is a second charge mortgage?

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.

How much could I borrow?

With a second charge mortgage from Optimum Credit, you can borrow up to £1,000,000 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.

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.

Our second charge mortgage

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 100% 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.

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