New Product Available - 80% Second Charge Bridging Loans
In these uncertain times, we’re happy to announce that one of our panel lenders has a new product designed to give our clients an injection of capital.
The details: The Second Charge Bridge up to £1m. Product: Second Charge Bridge. Borrower: Trading Business. Term: 24 Months. Security: Residential and Buy to Let Properties up to £1m. Valuation Required: Yes unless one is available to re-address. Lending Value: 80% of Market Value less Prior Charge. Lending Size: 75% - 100% of the Lending Value. Repayment: Interest Deducted or Serviced.
The Second Charge Bridge over £1m. Product: Second Charge Bridge. Borrower: Trading Business. Term: 24 Months. Security: Residential and Buy to Let Properties over £1m and any Commercial Property. Valuation Required: Yes unless one is available to re-address. Lending Value: 70% of Market Value less Prior Charge. Lending Size: 75% - 100% of the Lending Value. Repayment: Interest Deducted or Serviced.
Other Products Available at RFL:
Bridging Finance:
Rates from 0.25% per month.
Up to 100% funding without the need for additional security.
Loans from £26k to no upper limit.
Up to 80% LTV.
Exit fees from 0%.
Development Finance:
Rates from 5% per annum.
Up to 100% of the purchase and development costs.
Loans from £26k to no upper limit.
Terms from 3 to 36 months.
Residential, Commercial or Mixed Use.
