Spring Finance homeowner loans
Spring Finance specialises in providing second-charge mortgages to customers who may be unable to borrow from traditional high street lenders because of a bad credit history.

With the current increased popularity of second-charge mortgages, we take a look at Spring Finance and see if it lives up to its mantra of providing second-charge mortgages to those “who are unable to obtain finance from traditional high street lenders.”
Established in 2011, Spring Finance offers long term second charge loans of £10,000 to £200,000 to UK homeowners with repayment terms of up to 25 years.
Since former Masthaven CEO Andrew Bloom acquired a large majority stake in the provider back in 2021, Spring Finance has ramped up its expansion with the hiring of several ex-Masthaven Bank bridging loans experts, including their previous head of business development, Jim Baker. In 2022, this expansion continued with Spring Finance entering the bridging and development finance market, now offering both regulated and unregulated loans on a first and second charge basis.
Like your existing (first-charge) mortgage, a second-charge mortgage is a type of loan that is secured against your home or property. This means that if you don’t keep up repayments your property will be at risk.
Spring Finance offers second-charge mortgages on both residential homes and buy-to-let investment properties.
You should only apply for a secured loan if you’re certain you can meet the repayment terms. You must also meet the following criteria:
Spring Finance doesn’t provide loans directly to consumers, but accepts applications through brokers. You can click on a “get quote” button above. After filling out your contact information and details about your property value and mortgage, an advisor will contact you to discuss your application and suggest the best loan for you.
Loan amounts | From £10,000 to £200,000 |
---|---|
Age | From 18 to 75 years |
Term | From 3 to 25 years |
Maximum LTV | Up to 80% |
Representative APRC | Up to 17.7% |
Lender fee | from £1250 |
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