Second Charge Bridging Loan

A second charge bridging loan is a short-term lending product secured against investment property that already has an outstanding mortgage on it. The existing mortgage may be on a great rate, or have hefty ERCs, so refinancing it isn’t an option. Taking a 2nd charge can be a great option.

If you are purchasing a property and require additional funds, you can put a second charge on another property from your portfolio to make up the shortfall. It could also be used to raise funds to complete improvements to your BTL property that already has a mortgage outstanding, this enables you to raise the necessary funds.

As second charge loans sit behind first charge loans, they tend to be more expensive. However, they are still a good option.

Rates FromMin LoanMax LoanLTV (Max)TermsMin ValuationArrangement Fee

2nd Charge Features Include:

  • Loan: £150k- £25 million
  • LTV: Up to 70% max
  • Rates: from 0.65% pm
  • Location: England & Wales
  • Terms: 3-18 months
  • Available: Residential, Commercial, and mixed-use properties

2nd Charge Bridging Loan – Case Studies

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KSEYE provides a fast, flexible, and tailored approach for each case. Where transactions are subject to time constraints, the swift nature of bridging loans can help to meet deadlines.
To discuss a case, register as a broker here.