We recently helped a client who needed a second charge bridging loan secured against their residential property. A 68% LTV second charge bridging loan was the order of the day.
A 68% LTV second charge bridging loan was the order of the day
We recently helped a client who needed a second charge bridging loan secured against their residential property. Due to the current economic climate, the client needed the loan to support the expansion of their catering business.
We applied our flexible, simple approach and helped the client by funding a £560K bridging loan in 16 days.
Another great example of how we can take non-standard and time sensitive scenarios and give a speedy solution.
Don’t forget we lend:
- Against the Open Market Value, for first and second charge purposes.
- On all sorts of non-standard property types.
- To various types of people, including limited companies, ex-pats, self-employed, people with blips in their credit and many more.
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How a Bridging Loan Helped One Buy to Let Customer
Claire was looking to add a Buy to Let to her property portfolio. She was struggling to secure funding that would allow her to complete within a tight deadline and against the open market value.
SoMo Offers 68% LTV On Second Charge Bridging Loans
Short term finance has grown in popularity and can be used for varying purposes. Including...
A Client Needed A Cash Injection For Their Catering Business
We recently helped a client who needed a second charge bridging loan secured against their residential property. A 68% LTV second charge bridging loan was the order of the day.
What Is Bridging Commonly Used For?
Bridging loans have risen in popularity since the financial crash 10 years ago, with banks tightening criteria …
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