BRIDGING FINANCE - 2ND CHARGE
Bridging Finance - 2nd Charge
Adelpha Property Finance can offer fast and flexible finance for a wide range of residential, commercial and semi-commercial properties throughout England and Wales with no postcode restrictions. Suitable property security includes:
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Residential investment properties
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House in Multiple Occupation (HMOs)
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Residential conversions
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New builds / developments
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Offices
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Office conversions
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Industrial properties
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Barn conversions
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Farms
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Farm buildings
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Land with and without planning
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Holiday lets
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Listed buildings
Key features
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Security: 2nd charge, 3rd charge, equitable charge and personal guarantee. (Also see 1st charge bridging finance)
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Maximum LTV using OMV: Residential 70%, Semi-Commercial 60%, Commercial 60%
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Term: 3 to 24 months
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Loan Amount: £5,000 to £250,000
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Rates: From 0.95% per month (flexibility with interest retained or rolled)
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Location: Anywhere in England and Wales
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Borrower Credit History: All credit history considered
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Borrower Type: Individual (from 18 years old up), Company, Partnerships, Foreign Nationals, Expats, SIPP / SSAS
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Further advances: funds can be drawn down in stages
Examples of uses for 2nd charge Bridging Finance
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Release equity to make an urgent tax payment
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Finance land to enable time to gain an improved planning permission
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To enable time to extend the leasehold and increase the property value
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Finance a completed development in order to release equity to fund the acquisition of the next development site
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To provide funds to make a stock purchase and expand a business
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