Remortgage vs 2nd Charge Comparison
A quick guide for comparing a full remortgage against keeping the existing mortgage in place and raising the additional funds with a second charge. Enter the client's figures below and the comparison updates as you type.
Enter the client's figures above to see the comparison.
This calculator is a guide only and does not constitute advice. Figures assume capital repayment and a constant interest rate for the full term. Second charge fees are treated as added to the loan. The early repayment charge is handled per the option selected: added to the remortgage and paid over the term, or paid upfront as a one-off cost. Remortgage arrangement, valuation, and legal fees are not included. Actual products, rates, and terms depend on the client's circumstances and lender criteria. Always compare full illustrations before making a recommendation.
