£650K Second Charge Bridging Loan Secured in 14 Days

• Loan Type: Second Charge Bridging Loan
• Loan Value: £650,000
• Timeframe: 14 Days
• Location: Manchester, UK

The Client’s Situation

A client approached Global Bridging Finance seeking urgent funding to raise capital for a new business venture while maintaining their existing residential mortgage. Their primary property carried a substantial first-charge mortgage, so a second-charge bridging loan was the most efficient way to unlock equity without disturbing their current arrangement.

The client required £650,000 within two weeks to meet a critical investment deadline.

The Solution

Global Bridging Finance identified a specialist lender experienced in second- and third-charge lending. By presenting a clear case and providing all required documentation upfront, we successfully structured a £650,000 second-charge bridging loan against the client’s £2.4 million property.

The facility was arranged at competitive rates, and legal work was expedited through a solicitor familiar with bridging finance. The loan was secured and released in just 14 days.

The Result

The client accessed the required funds quickly without needing to refinance or redeem their existing mortgage. This flexible solution enabled them to capitalise on their business opportunity while maintaining stability in their residential property.