Second Charge Bridge Loan on a Prime London Residential Property
The Requirement
The client owned a high-value London home with significant Equity but wanted to raise Capital without disturbing their existing First Charge Mortgage.
The Funds were required for:
- Business Expansion
- Consolidating Short-term Liabilities
- Improving Liquidity ahead of a future Refinance
The Challenge
- 75% combined LTV requirement
- Complex Income profile
- Tight Completion Timescales
- Existing First Charge Mortgage to remain in place
- Limited Lender appetite at this Leverage
Our Solution
We sourced a Specialist Second Charge Lender with a strong appetite for:
- Prime London Residential assets
- Higher LTV Second Charge Lending
- Flexible Underwriting for non-standard income
The Lender delivered an exceptionally competitive Bridging rate and completed within the required timeframe.
Key Terms
- 75% Combined LTV
- Second charge behind existing Mortgage
- Competitive Interest Rate
- Flexible Underwriting
- Fast Completion
- Existing First Charge left untouched
The Outcome
The Client Unlocked the Capital they needed while keeping their existing Mortgage and future refinancing plans intact.
This transaction demonstrates our ability to:
- Structure complex Second Charge Facilities
- Secure higher LTV funding
- Access specialist Lender Solutions
- Deliver Competitive pricing
- Complete Deals quickly & efficiently