Second Charge Bridging Loans
A second charge bridging loan is not just fast finance. It is short-term borrowing secured behind an existing mortgage. It may help when you need funds quickly but do not want to replace your current mortgage. This could be because your current rate is worth keeping, your mortgage has early repayment charges, or a full […]
First Charge Bridging Loans
First Charge Bridging Loans: Short-term property finance where the lender takes first priority First charge bridging loans are short-term property loans secured against a property as the main charge. This means the bridging lender has first priority over the property if the loan is not repaid. In simple terms, they are first in line to be […]
Closed Bridging Loans
Closed Bridging Loans: A closed bridging loan is short-term property finance with a planned repayment date or a confirmed exit route. That exit might be a property sale, a remortgage, a buy-to-let refinance, a commercial mortgage, or another agreed repayment source. This matters because bridging finance is not designed to sit in place for years. […]