Second Charge Bridging Loans
Bridging Products — Second Charge
Raise capital against the equity in an investment property without disturbing a favourable first charge: £50,000 to £25,000,000, from 0.79% per month, with a same-day decision.
What is a second charge bridging loan?
England & Wales · Direct Lender
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 for business and investment purposes in England and Wales.
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.
Where it fits
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. Repaid by a sale or a refinance.
- Funding an acquisition without breaking a favourable first charge
- Financing a refurbishment on a property you already own
- Working capital for a business opportunity
- A time-sensitive opportunity that can't wait for a refinance
Investment and business only
We lend on property you don't occupy.
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.
Common questions