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:

  • Residential investment properties

  • House in Multiple Occupation (HMOs)

  • Residential conversions

  • New builds / developments

  • Offices

  • Office conversions

  • Industrial properties

  • Barn conversions

  • Farms

  • Farm buildings

  • Land with and without planning

  • Holiday lets

  • Listed buildings 

Key features

  • Security: 2nd charge, 3rd charge, equitable charge and personal guarantee. (Also see 1st charge bridging finance)

  • Maximum LTV using OMV: Residential 70%, Semi-Commercial 60%, Commercial 60%

  • Term: 3 to 24 months

  • Loan Amount: £5,000 to £250,000

  • Rates: From 0.95% per month (flexibility with interest retained or rolled)

  • Location: Anywhere in England and Wales

  • Borrower Credit History: All credit history considered 

  • Borrower Type: Individual (from 18 years old up), Company, Partnerships, Foreign Nationals, Expats, SIPP / SSAS

  • Further advances: funds can be drawn down in stages

Examples of uses for 2nd charge Bridging Finance

  • Release equity to make an urgent tax payment

  • Finance land to enable time to gain an improved planning permission 

  • To enable time to extend the leasehold and increase the property value

  • Finance a completed development in order to release equity to fund the acquisition of the next development site

  • To provide funds to make a stock purchase and expand a business

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