Second Charge Bridging Loans

They are commonly used to release equity for property purchases, fund refurbishments, consolidate debt or support business cash flow.

A first charge loan is the main mortgage secured against a property. A second charge sits behind this, giving the first lender priority if the property is sold. This makes it a way to raise extra funds without disturbing the main mortgage.

In most cases, yes. The existing provider must be informed and give consent before a second charge can be registered against the property.

With the right documents in place, money can often be available within days. Timescales still depend on valuations, legal work and the first charge lender’s consent.

The amount depends on the equity in your property and lender limits. Typically, borrowing goes up to around 65–70% of the property’s value when combined with the first charge.

The loan is secured against property you already own. Lenders review the value of the asset, your mortgage balance and the total borrowing requested.

Many lenders allow early repayment, though some may apply an exit fee or minimum interest period. It’s important to review terms before committing.

In addition to interest, there may be arrangement fees, legal costs and valuation charges. A broker will outline the likely costs at the start.

Some lenders will consider applicants with imperfect credit if there is sufficient equity and a clear repayment plan in place.

It’s often chosen when borrowers want to keep an existing mortgage deal, avoid early repayment charges or access funds faster than a remortgage would allow.