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Owing money to HMRC can be stressful. It can feel like a heavy weight on your shoulders and it can often be scary to think you are close to losing your assets. There are solutions that could help. One of these is a second charge mortgage. If you are able to raise funds against your property through a second charge mortgage, you could get enough money to pay off your tax bill.

What is a second charge mortgage?

A second charge mortgage, commonly known as a secured loan, will allow you to use the equity you already have in your home to act as security against another loan. This will mean that you don’t have to incur the extra cost of a remortgage to get the extra funds as you can borrow money while keeping your current mortgage in place.

Would a second charge mortgage be suitable for you?

This would be a suitable option for you if you:

  • Want to keep your current mortgage if you a have a good rate that you want to retain
  • Recently went self employed
  • Obtain income from different jobs
  • want to avoid remortgaging your home
  • need to raise the money quickly
  • Don’t want to use your current lender to obtain the funds

Some things can make it difficult for you to get a loan from your bank such as a poor credit rating or an unstable income. Choosing a second mortgage can be a great option to not only pay off HMRC debts but other unsecured debt that you may have. Talk to one of our advisors today who can tell you more. Call us on 0141 380 0588.


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.
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