Tapton Capital

2nd Charge Bridging

A second charge bridging loan offers a swift and flexible financing option for borrowers seeking immediate funds. With this solution, borrowers can leverage their property as loan security alongside an existing mortgage. Clients can utilise this financing for various business purposes, including property renovations, business ventures, debt consolidation, investments, and improvements for buy-to-let purposes or to raise additional funds for property acquisitions.

At Tapton Capital, we understand that every property investment journey is unique, and second-charge bridging finance can be a valuable tool in your arsenal. Here’s how our tailored solutions can benefit you, along with some important considerations to keep in mind:

The Benefit of 2nd Charge Bridging Finance:

  • Enhanced Flexibility: Second charge bridging finance offers added flexibility by leveraging the equity in your existing property assets. This allows you to access additional funds without disturbing your primary mortgage, empowering you to seize new investment opportunities.
  • Expedited Access to Capital: With second charge bridging finance, you can expedite access to capital for time-sensitive projects or investments. Whether you’re looking to refurbish a property, fund a renovation project, or bridge a financial gap, our solutions provide swift access to the funds you need.
  • Maximising Investment Potential: By leveraging the equity in your property portfolio, second charge bridging finance enables you to maximise your investment potential. Whether you’re expanding your portfolio, diversifying your investments, or unlocking the value of your assets, our solutions help you achieve your financial goals.

Frequently Asked Questions

What are the benefits of a second charge bridging loan?

A second charge bridging loan provides borrowers quick access to capital without needing to repay the existing lender immediately. While interest rates may be higher, this option offers flexible lending criteria, making it accessible to those facing financial challenges or with a bad credit rating.

How Much Can a Client Borrow for a Second Charge Bridging Loan?

The amount a client can borrow for a second charge bridging loan depends on factors such as the property value and equity amount. Typically, borrowers can access up to 75% of the property value.

How Do I Get a Second Charge Bridging Loan?

It’s recommended to approach a specialist finance broker who understands the market and has connections with reputable lenders.

How Can a Specialist Finance Broker Help Me?

Specialist finance brokers have in-depth knowledge of lender’s criteria and can connect clients with lenders willing to offer second-charge bridging loans based on their specific needs.