£350,000 Second Charge Bridging Loan for Residential Refurbishment

Key Details

• Category: Second Charge Bridging Loan
• Client: UK Property Investor
• Property Value: Circa £1,200,000
• Loan Amount: £350,000
• Security: Residential property (second charge)
• Purpose: Refurbishment and short-term liquidity

Global Bridging Finance was approached by an experienced property investor who required fast access to capital to fund a comprehensive refurbishment of a high-value residential property in the South East of England. The client already had a first-charge mortgage on the property and wished to retain it, making a second-charge bridging loan the most suitable solution.

The refurbishment works were time-sensitive and designed to significantly enhance the property’s market value ahead of a planned refinance. Traditional lenders were unable to assist within the required timeframe, particularly given the existing first charge and the need for swift completion.

Global Bridging Finance assessed the client’s wider financial position, the property’s current and post-works value, and the proposed exit strategy. We then approached specialist lenders with a proven appetite for second-charge bridging transactions, carefully positioning the case to ensure clarity around security, repayment, and risk.

Indicative terms were issued within 24 hours, with the loan structured at a conservative overall loan-to-value across both charges. Importantly, the facility did not require consent from the first-charge lender, allowing the transaction to proceed without unnecessary delays.

Valuation and legal processes were expedited, and our team worked closely with all parties to ensure clear communication and alignment throughout. The bridging loan was completed within a tight timeframe, releasing the required funds for the refurbishment works to commence immediately.

This case highlights Global Bridging Finance’s expertise in structuring second-charge bridging loans, where speed, flexibility, and careful lender selection are essential. By leveraging our specialist knowledge and lender relationships, we delivered a tailored solution that enabled the client to move forward confidently with their investment strategy.