Second Charge Loans

Second Charge Loans explained

Second charge loan facilities can be sourced to allow you to raise funds for business purposes, with the security for the facility being provided by a property that has equity, but already has a 1st charge mortgage secured on it.

It is important to check with your 1st charge lender, that they will allow/permit a second charge to be granted, as whilst the majority will, there are some lenders that won’t allow 2nd charge security to be granted.

It can be a good way to release equity from the property for business purposes, without the need to replace the 1st charge mortgage, which may well be still subject to competitive historical rates and also to not incur any early redemption penalties

Call us on 01752 227966 today to find out more

Our Most Recent Deals

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£250,000

2nd Charge Bridging Loan
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£425,000

2nd Charge Bridging Loan

How much do you need?

Our property finance services

Services we offer

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Bridging / Refurbishment  Loans

Bridging loans are a quick & easy way of securing short term finance (usually up to 12 months) on either residential Investment or commercial property for a variety of needs

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Buy-to-Let & Property Loans

Buy-to-Let mortgages / residential investment loans are designed to help both first time & existing property landlords, purchase or refinance property.

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Property Development Loans

Over the past few years, the world of property development has changed, with more people than ever becoming interested, either as a part time or full time job.

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Commercial Mortgages

If you already own, or are looking for a property from which to trade your business, then a commercial mortgage will be required to enable this to happen.

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Developer Exit Loan

Over the past few years, property developers have been busy converting & producing properties throughout the UK, to meet with the increasing demand for housing.

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Second Charge Loans

Second charge loan facilities can be sourced to allow you to raise funds for business purposes, with the security for the facility being provided by a property that has equity, but already has a 1st charge mortgage secured on it.

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About Us

As commercial finance brokers, Balance for Business Limited is a member of the National Association of Commercial Finance Brokers who are authorised & regulated by the Financial Conduct Authority.

Whilst we are not a principal lender, we source funds for our clients from an extensive panel of banks and other financial institutions to ensure you get the most appropriate deal.