Do I need my mortgage lender's permission?

Yes, most first charge lenders need to consent to a second charge. This is usually straightforward but should be checked early.

How much can I borrow on a second charge?

Depends on your equity. The combined LTV (existing mortgage plus new bridge) typically can't exceed 70-75% of the property value.

Is second charge bridging more expensive?

Yes, rates are higher than first charge bridging because the lender's position is less secure. However, it may still be cheaper than breaking your existing mortgage deal.

How long are second charge bridging terms?

Typically 3-18 months. The exit strategy might be selling a property, refinancing, or using business proceeds.

Second Charge Bridging Loans

Second charge bridging lets you raise capital quickly without remortgaging. We find specialist lenders who offer second charge bridging products.

Second Charge Bridging Loans

A second charge bridging loan sits behind your existing mortgage, allowing you to raise capital against your property's equity without disturbing your current mortgage deal. This is particularly useful if you're on a favourable rate you don't want to lose, or if early repayment charges make remortgaging uneconomical. The second charge bridge can be arranged quickly for urgent capital needs.

Raise capital without disturbing your first mortgage
Avoid early repayment charges on existing deals
Fast completion — often 2-4 weeks
Both residential and commercial property accepted
free initial advice bridging finance advice

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Tell us about the property

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Property Value (£) *

Deposit Amount (£)

Your home may be repossessed if you do not keep up repayments on your mortgage.

How Second Charge Bridging Works

The bridging lender takes a second charge on your property — meaning they're second in line (behind your existing mortgage lender) if the property is sold. You keep your existing mortgage untouched and borrow additional funds against your equity.

When to Use Second Charge Bridging

Common scenarios include raising a deposit for a second property purchase, funding property renovations or developments, business cash flow needs, tax bill payments, and urgent personal finance needs — all without losing your existing competitive mortgage rate.

Consent from First Charge Lender

Your existing mortgage lender typically needs to consent to the second charge. Most mainstream lenders will grant consent, though some may decline. Your bridging broker should check this early in the process to avoid delays.

Costs and LTV

Second charge bridging rates are typically higher than first charge rates — expect 0.75-1.5% per month. The combined LTV (first mortgage plus second charge bridge) usually can't exceed 70-75% of the property's value.