Second charge bridging loans allow you to raise capital against a property which already has finance secured against it.
- Min. loan amount: £100k
- Max. loan amount: £5m
- Max. LTV: 70%
- Interest rates: variable rate from 0.65% (+BBR), fixed rate from 1.15%
- Charge type (1st/2nd): 2nd charge
- Term: 3 – 21 months
- Completion time: Funding can be issued in as little as 3 days. Average length around 2 weeks.
- Exit fee: POA
- Location of property: England, Wales