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Second Charge Bridging Loans

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

At Finanta, we have considerable experience in the second charge lending sector and can help you obtain up to a maximum of 70% loan to value (LTV) on the equity of your property.   

Lending Criteria

  • Loan to value (LTV): 70% maximum (with planning permission)
  • Loan amount: £25,000+
  • Interest options: serviced, retained, rolled-up
  • Exit strategy: sale or refinance (we can assist with this)
  • Loan term: 3 to 24 months
  • Interest rates from: 0.70%


Key Features

Immediate decision

Loan completion in 10-14 days

Adverse credit considered

 

Fast Funding for Time Sensitive Projects & Situations

Available to individuals, SPV limited companies, and trading limited companies, applying for second charge bridge finance couldn’t be easier with Finanta at the helm. We’ll be here for you throughout the loan process, providing the finance you require in a timely manner, making certain there is no interruption of service, and that you complete your project on time.  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
  • Debt consolidation
  • Investment opportunity
  • Redeem existing business loan or charge on asset(s)

Speak to a Bridging Loan Expert

It is always recommended that you speak to one of our experienced bridging loan experts who can provide you with all the information you require to make a fast and informed decision about the type of loan you require.  Call us today to start your loan application. 

Bridge Loan Enquiry

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Jump-start your project

Talk to us today to discuss your short-term funding requirements.

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