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.

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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.