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Second charge

This glossary or A to Z should help clear up any confusion as to what terms mean what in the mortgage and insurance industry

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Letter S

Second charge

This is a legal term given to the rights that a lender holds over a property when they lend on it however in the case of a second charge it comes after that of a first charge an example of a second charge is a secured loan or a bank overdraft.

FSA declaration and important text about mortgage advice