Second Charge Bridging LoansBack
Monday 14th December 2020
If you already have a mortgage in place, it may not be the most cost-effective solution to repay this and raise additional capital. Perhaps an extension on your current deal is not an option? A short-term, second charge bridging loan may be the answer. This will sit behind your existing loan, leaving current commitments unaffected, whilst still providing you with the required funding.
Loan to Value (LTV) for Second Charge Bridge Finance
We can help you obtain up to a maximum of 65% loan to value (LTV) as a second charge.
Fast Funding for Time Sensitive Projects & Situations
As long as your asset(s) are in the UK our residential bridging finance is open to both UK and foreign nationals including onshore and offshore borrowing vehicles.
Whether you are an individual, trading limited company, SPV limited company, or charity, as long as you are the legal property owner, or will be once the property transaction has completed, then we're highly likely to be able to help.
Our team make arranging your Second Charge Bridging Loan a simple, straightforward process.
Our second charge funding solutions may be used in the following circumstances:
- Cashflow issues
- Funding for additional property purchase
- HMRC tax bill payment
- Refurbishment and modification of property
- Investment opportunity
- Redeem existing business loan or charge on asset(s)
Cut through the red tape with our hassle-free application process. We can typically confirm almost immediately whether your loan application is likely to be successful.