A second charge refers to a secondary mortgage or loan secured against a property with a first mortgage or primary charge. The “charge” in this context means a legal claim or lien on the property that secures the repayment of a debt.
A second charge refers to a secondary mortgage or loan secured against a property with a first mortgage or primary charge. The “charge” in this context means a legal claim or lien on the property that secures the repayment of a debt.