Second charge bridging loans are ideal if you require equity from your main property for example, when a second charge-bridging loan is in place you will be allowed to keep the first charge mortgage that is already secured on the property and the new second charge-bridging loan will also be secured on the property.
The lending criteria are detailed below.
• Loan To Value up to 70%
• Rates from 1.50% Per Month
• Terms from 1 day to 2 years
• Loans from 50,000 – 1,000,000
• Non status and status loans available
Second charge bridging loans can be the answer to short term finance requirements but as with most other case.
Leapfrog Finance are often able to find a more viable alternative.
If you would like further details please do not hesitate to contact us on 0800 612 7729 or fill in a few details on enquiry form and have one of the Leapfrog Finance Advisors call you back, alternatively, email us at Enquiry@leapfrogfinance.co.uk