What is a second charge bridging loan?
A second charge bridging loan sits behind your existing mortgage, letting you raise capital against the equity in an investment property without disturbing a favourable first charge. Berkeley Credit lends from £50,000 to £25,000,000, from 0.79% per month, with a same-day decision, for business and investment purposes in England and Wales.
When a second charge makes sense
When your first-charge mortgage is on a good rate, carries an early-repayment charge, or simply isn’t worth refinancing to release equity — a second charge raises capital quickly against the equity you already hold, leaving the first in place. Common uses are funding an acquisition, a refurbishment, working capital or a time-sensitive opportunity, repaid by a sale or a refinance.
How it works
We take a legal charge behind your existing first-charge lender, which usually requires that lender’s consent — a deed of priority or consent to a second charge. Borrowing is assessed on the combined loan to value across both charges, within our caps of 70% for residential investment and 65% for commercial. We’re asset-led, on a proper valuation and a verified exit, lending our own capital. → Loan against property · Complex ownership
Investment and business only
We offer second charge bridging for business and investment purposes, on property you don’t occupy. A second charge against your own home is regulated lending we don’t provide.
Frequently asked questions
Do you need the first lender’s consent?
Usually, yes. A second charge normally needs the first-charge lender’s consent — a deed of priority — which we’ll help arrange as part of the process.
How much can I raise on a second charge?
It’s based on the combined loan to value across the first and second charges — up to 70% for residential investment and 65% for commercial, on a proper valuation.
Can I take a second charge against my own home?
No. Second charges on a property you live in are regulated lending we don’t offer. We lend for business and investment purposes on property you don’t occupy.
How fast is it?
A decision in principle the same day; completion depends on the valuation, the first lender’s consent and legals.
Raise capital without refinancing
Tell us about the property, the first charge and the equity, and get an honest, same-day decision. £50,000 to £25,000,000 across England and Wales.
Call 07887 179096 · Email info@berkeleycredit.co.uk
Berkeley Credit Limited is registered in England & Wales (Company No. 16111009) and with the FCA under the Money Laundering Regulations (No. 1029007); not fully FCA authorised; no regulated advice. All lending is for business and investment purposes only, on property the borrower does not occupy, and subject to valuation, legals and underwriting.