Bridging Finance
2nd Charge Bridging Loans
Raise capital against a property already subject to a first charge mortgage — without disturbing the existing facility.
A second charge bridging loan sits behind an existing first charge mortgage and allows a borrower to access equity in a property without redeeming or refinancing the first charge. This is particularly useful when the first charge carries a preferential rate, or where early repayment charges make full refinance uneconomical. Second charge bridging is also used to raise funds quickly when the first charge lender does not permit further advances.
No Disturbance to First Charge
The existing first charge mortgage remains in place. The second charge sits behind it, giving access to equity without triggering early repayment charges or losing a favourable rate on the first facility.
First Charge Lender Consent
Most first charge lenders require notification and consent before a second charge is registered. We manage this process as part of the introduction.
Capital-Raising Flexibility
Funds can be used for business purposes — working capital, property acquisition deposits, tax bills, refurbishment — provided the loan is for a business purpose.
Adverse Credit Assessed on Merit
As with first charge bridging, specialist second charge lenders assess the security value, equity position and exit strategy alongside credit history.
Suitable For
- Property owners with equity but preferential first charge rates
- Investors where early repayment charges make full refinance uneconomical
- Business owners raising working capital or purchase deposits
- Landlords with portfolio properties carrying first charge BTL mortgages
- Borrowers with adverse credit history who have equity available
- Time-critical capital-raising against investment property
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Complex credit history, tight deadlines or unusual structures — we have seen it all. Speak with a specialist today.
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