A second charge bridging loan provides borrowers with additional funding against a property that already has finance secured against it by another lender.
When you first lend against a property this is known as a 1st charge. If you require additional funding, we could provide a 2nd charge bridging loan to raise the finance. A ‘second charge’ means that there are now two lenders with charges against the property.
- Our second charge bridging loans are available to clients who live in the UK or overseas, except sanctioned states.
- All properties must be located within England and Wales.
- We also supply second charges for commercial assets and buy-to-let refurbishments or purchases.