Compare Second Charge Bridging Loan Lenders UK
A second charge bridging loan lets you raise short-term finance against your property without disturbing your existing mortgage. Compare second charge bridging loan lenders and see what may be available based on your equity, circumstances and timescale.
A second charge bridging loan is a short-term loan secured against a property that already has a mortgage or other loan registered against it. The existing mortgage remains the “first charge,” and the bridging loan sits behind it as a “second charge” — meaning the first lender is repaid first if the property is sold or repossessed.
It’s a way of accessing equity tied up in a property quickly, without remortgaging or disturbing your existing first-charge deal — which can be especially useful if your current mortgage has an attractive rate or an early repayment charge that would make remortgaging costly.
When a second charge bridging loan might be used?
- Releasing equity quickly– accessing funds tied up in your property without touching your existing mortgage
- Property purchase before a sale completes– bridging the gap between buying a new property and selling an existing one
- Auction purchases– meeting a tight completion deadline where a first charge remortgage wouldn’t be fast enough
- Refurbishment or renovation– funding works with a view to refinancing or selling once complete
- Business or investment opportunities– raising capital against property equity for a time-sensitive purpose
- Avoiding early repayment charges– borrowing additional funds without breaking a competitively priced first mortgage
How a second charge bridging loan compares to a first charge loan
| First charge bridging loan | Second charge bridging loan | |
| Security position | No existing mortgage, or the bridging loan replaces it | Sits behind an existing first mortgage |
| Typical use | Property has no mortgage, or is being purchased outright | Property already has a mortgage you want to keep |
| Lender risk | Generally lower, often reflected in rate | Generally higher, as the first charge lender is repaid first |
| Consent required | Not applicable | Usually requires consent from the first charge lender |
What affects eligibility and cost
Equity available
The value of your property minus any existing mortgage balance
Combined loan-to-value (LTV)
The total borrowing across both the first and second charge, relative to the property’s value
First charge lender consent
Most first charge lenders need to formally consent to a second charge being registered
Exit strategy
How the loan will be repaid, such as through sale, refinance, or other funds becoming available
Property type and use
Whether the security property is residential or commercial, and whether it’s owner-occupied
Is a second charge bridging loan regulated?
Things to consider before applying
- You'll need consent from your existing first charge lender before a second charge can be registered
- A clear exit strategy is essential, since bridging finance is short-term and repayable in full at the end of the term
- Your property is used as security across two loans, so if repayments or the exit plan aren't met, it may be at risk
- Rates and fees vary between lenders, so comparing more than one option is worthwhile before deciding how to proceed
Need help deciding? Start your search today.
Why Choose Our Second Charge Bridging Loan Services?
Speedy Approval Process
Time-sensitive opportunities need quick solutions. We help you secure second charge mortgage in just days, not weeks, to ensure you never miss out on a crucial deal.
Flexible Terms
Our second charge mortgage solutions come with customizable terms tailored to your unique financial needs. We find a loan structure that works for you.
Expert Guidance
With years of experience in the UK’s second charge mortgage market, our partners will guide you through every step of the process—from initial consultation to fund release.
Competitive Rates
We work with a wide network of lenders to offer you the best possible rates, ensuring you get the most cost-effective solution for your second charge mortgage needs.
Our Process
Consultation
Schedule a free, no-obligation consultation with one of our expert partners.
Assessment
We’ll assess your needs, helping you understand your options and what’s best for you.
Loan Match
We’ll identify and recommend the right lenders.
Funding
Once approved, the funds are released swiftly.
Compare second charge bridging loan lenders
See what options may be available based on your equity, property and circumstances. Comparing is free, and you’re under no obligation to accept any offer you’re shown.
Frequently asked questions
Do I need my mortgage lender's permission for a second charge loan?
Yes, in almost all cases your existing first charge lender needs to give consent before a second charge can be registered against your property. This is a standard part of the application process.
Is a second charge bridging loan more expensive than a first charge loan?
It can be, as the second charge lender takes on additional risk by sitting behind the first mortgage. The exact rate will depend on your equity, LTV, exit strategy and the lender’s criteria.
Can I get a second charge bridging loan with bad credit?
It may be possible depending on your equity, the property, and overall circumstances, though options can be more limited. Comparing lenders is the best way to see what’s realistically available.
What happens if I can't repay the loan at the end of the term?
You should have a clear exit strategy before taking out any bridging loan. If you’re unable to repay as planned, contact your lender as early as possible — they will be able to discuss the options available in your situation.
How is this different from a further advance?
A further advance is additional borrowing from your existing (first charge) mortgage lender. A second charge loan is a separate loan from a different lender, secured behind your existing mortgage.
Does comparing lenders affect my credit score?
Comparing options through our website does not affect your credit score. Individual lenders may carry out credit checks later in the process and will explain whether these are soft or hard searches beforehand.
A second charge bridging loan is secured against your property, which is already used as security for your existing mortgage. If you do not keep up repayments on either loan, your home may be at risk of repossession. Rates, terms and eligibility vary by provider and individual circumstances. We do not provide financial advice — where advice is appropriate, this will be provided by our partners, who are authorised and regulated by the Financial Conduct Authority where required.
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Bridging Loans for You
Take the stress out of securing second charge bridging loans. Find competitive rates, flexible terms, and a loan that works for you.