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