Does a second charge replace the client’s first mortgage?

No. A second charge is separate borrowing secured behind the existing mortgage. Both are payable, and the total cost and suitability are assessed as part of the advice.

Can a second charge be arranged with adverse credit?

Often, yes. Lender appetite depends on the type, timing, amount and current status of the credit issue. A Charles Frank specialist will tell you what’s needed for a meaningful view.

Do I keep sight of the case after I refer it?

Yes. Every case stays visible in your portal from submission to commission paid, and your client relationship is protected.

Can I share indicative rates with my client?

Indicative rates are an early guide, not a recommendation, offer or guarantee. A Charles Frank adviser reviews the full circumstances and confirms the right route through the regulated advice process.

Are you a second charge master broker?

Yes. Charles Frank Finance is FCA authorised to advise on and arrange second charge mortgages. Directly authorised firms can keep the advice and have us package the case with the lender, or refer the client to us for full advice. Introducers without mortgage permissions can introduce the client to us.

Is a secured loan the same as a second charge mortgage?

Usually, yes. Secured loan, homeowner loan and second charge mortgage generally describe the same thing: borrowing secured on the home behind the existing mortgage. Since 21 March 2016 most of these loans have been regulated mortgage contracts, advised on under the FCA’s mortgage rules.

How is introducer commission paid?

We agree the commission arrangement with you before you refer a case, and you can follow each case to commission paid in your portal. Before you introduce a client, tell them about any fee or commission you will receive. If you have no mortgage permissions, that disclosure is one of the conditions for introducing under article 33A.

Second charge for introducers

Second charge mortgages for introducers.

Quote the case with no client details, capture it by photo, document or voice, and a Charles Frank specialist runs it from there. You keep the client relationship and see every step through to commission paid.

Book a demo →

FCA authorisedSpecialist lender panelLending since 2011

Property value (£)First charge balance (£)Loan required (£)

Purpose

Term (years)

Credit profile

Indicative rate

7.59–8.04%

Est. monthly

£715

Combined LTV

71%

4 of 6 lenders matchedFrom

Lender A

7.59%

Lender B

7.69%

Lender D

8.01%

Lender names, fees, criteria and live pricing unlock when you register.

Indicative only. Not a recommendation, offer or guarantee. Pricing depends on full circumstances, lender criteria, credit and property checks and regulated advice.

Second charge for introducers

When a second charge fits

The first-charge rate is worth keeping

A low fixed rate or an early repayment charge makes replacing the whole mortgage the expensive option.

The client needs capital

Home improvements, a tax bill, a deposit or another defined purpose with a clear amount.

Income needs a person to read it

Self-employed, variable or multiple incomes that a simple income multiple won’t treat fairly.

Credit isn’t perfect

Historic or recent credit events that need the right lender and a clear explanation of what happened.

Assessment

What we look at

Equity and total secured borrowing: Property value, the first-charge balance and the new advance, taken together.
Affordability: Income, outgoings, existing commitments and the proposed term.
Purpose and outcome: Why the client is borrowing and the total cost of doing it this way.
Credit profile: What happened, when, how much, and whether it’s settled.

How it works with Charles Frank

01
Quote it
Run an indicative quote across our lender panel. No client details needed.
02
Capture it
Photograph your notes, upload a document or record a voice note. The application fills itself in, debts and all, and flags what’s missing.
03
Track it
A Charles Frank specialist advises and runs the case. You see every step in your portal through to commission paid.

See how capture works →

Same day

acknowledgement

4 hours

to assessment

48 working hours

to commission after completion

Protected

your client relationship

We only advise on what you refer, and we never cross-sell. Your client stays yours.

Before you capture the case

What to have ready

Estimated property value and first-charge balance
Amount needed and what it’s for
Income, employment and regular commitments
Current mortgage rate, monthly payment and any early repayment charge
A short note on any credit history
The client’s timing and how they’d like to be contacted

Adviser guides

Before you refer a second charge case

Debt consolidation break-even calculator →
Find the term where consolidating stops being cheaper than doing nothing.
Second charge, further advance or remortgage? →
How to compare the three, including early repayment charges.
What your permissions allow →
Advise, package or introduce, including appointed and introducer appointed representatives.
Master broker or packager? →
Who advises, who packages and who is paid what.
First-charge lender consent →
Where the requirement comes from and what to check on the title.
Business-purpose second charges →
When article 61A takes a loan outside the regulated rules.
Help to Buy equity loan repayment →
England and Wales rules on redeeming with a second charge.
Tax bill or Time to Pay? →
Comparing a second charge with an HMRC payment plan.
The FCA second charge review →
What the March 2026 review means for debt consolidation files.

Introducer questions

Second charge: introducer questions

Does a second charge replace the client’s first mortgage?: No. A second charge is separate borrowing secured behind the existing mortgage. Both are payable, and the total cost and suitability are assessed as part of the advice.
Can a second charge be arranged with adverse credit?: Often, yes. Lender appetite depends on the type, timing, amount and current status of the credit issue. A Charles Frank specialist will tell you what’s needed for a meaningful view.
Do I keep sight of the case after I refer it?: Yes. Every case stays visible in your portal from submission to commission paid, and your client relationship is protected.
Can I share indicative rates with my client?: Indicative rates are an early guide, not a recommendation, offer or guarantee. A Charles Frank adviser reviews the full circumstances and confirms the right route through the regulated advice process.
Are you a second charge master broker?: Yes. Charles Frank Finance is FCA authorised to advise on and arrange second charge mortgages. Directly authorised firms can keep the advice and have us package the case with the lender, or refer the client to us for full advice. Introducers without mortgage permissions can introduce the client to us.
Is a secured loan the same as a second charge mortgage?: Usually, yes. Secured loan, homeowner loan and second charge mortgage generally describe the same thing: borrowing secured on the home behind the existing mortgage. Since 21 March 2016 most of these loans have been regulated mortgage contracts, advised on under the FCA’s mortgage rules.
How is introducer commission paid?: We agree the commission arrangement with you before you refer a case, and you can follow each case to commission paid in your portal. Before you introduce a client, tell them about any fee or commission you will receive. If you have no mortgage permissions, that disclosure is one of the conditions for introducing under article 33A.

Your next second charge case, quoted before you refer.

We only advise on what you refer, and we never cross-sell to your client. Register for portal access, or talk it through with Samantha Turner first.

Call 029 2167 0142 →

Charles Frank Finance Ltd is authorised and regulated by the Financial Conduct Authority (FRN 624668). Registered in England & Wales, company no. 07791769. Registered office: 89 Cardiff Road, Taffs Well, Cardiff CF15 7PL. ICO registration Z2962200. This page is intended for FCA‑authorised intermediaries and professional introducers, not retail clients.

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.