Second Charge Bridging Loans

Additional short-term lending property lending - when there is already a mortgage or other funding

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Funding options


Scaled For Your Needs

  • 1 to 24 months
  • No Minimum or Maximum amounts
  • Competitive monthly rates
  • Non-status and full status


  • Bridge short-term funding gaps
  • Interest roll-up schemes
  • Adverse Credit – no problem
  • Funding can be available in 5 – 7 business days

Financial Lifeline

  • Extend funding
  • Reduce costs
  • Secure a better deal
  • Increase borrowing

Talk to Rangewell - the business finance experts

A Second Charge Bridge can be an effective way to raise additional funding. At Rangewell, our knowledge of the bridging market can help you secure a Second Charge Loan.

At Rangewell we recognise your professional status, and we work harder to find you better solutions - which can include 100% finance for many of your needs.

Second Charge Bridging Loan - a short-term lending product secured against property that already has a mortgage or other funding secured on it

If you are looking for ways to fund property improvements, such as a loft conversion to a residential property or an extension to business premises, and already have a mortgage in place, a Second Charge Bridging Loan might enable you to raise the required funds. As your main mortgage is not being repaid, the early repayment charges would not be paid, which could provide a significant saving.

Bridging Loans are short-term loans secured against property. They can be used as a mortgage to buy the property itself, or as a way of raising funding for any other business purpose. They are known as a bridge or Bridging Loan because they are intended to bridge a short-term funding gap.

They are often used to provide short-term funding while a mortgage can be arranged.

However, they can also be used to raise money on a property that already has a mortgage in place. This is known as a Second Charge Bridge.

Like all Bridging Loans, they are high cost, but once the works are complete and the value of the property enhanced a refinance onto a Secured Loan may be possible, moving the debt to a lower interest rate. A Secured Loan may not be possible initially as heavy works being carried out on a property may mean they are uninhabitable, which would prevent most lenders from using the value of the property as security for a loan.

The uses of Second Charge Bridging does not end there. Many people in need of extra funds use Second Charge Bridging Finance to release funds to purchase investment properties, inject capital into businesses, or make refurbishments while avoiding making changes to their existing mortgage deals

What will a Second Charge Bridge cost?

Short-term finance will always end up being more expensive than long-term lending. Bridging Loans will, therefore, have a relatively high cost, and it is important to understand all the charges involved.

The rate of Interest charged will vary, depending on your circumstances and the scale of funding required. Lenders will also want to know how the loan will be repaid - known as the exit strategy.

In addition to the interest cost, lenders charge an arrangement fee – a fee for setting up the loan. This fee is most commonly 2% of the actual loan amount, although this is sometimes discounted as low as 1%, especially on larger loans. Fees and interest can usually be rolled up and settled with a single repayment.

Why you need Rangewell to find the most appropriate Second Charge Bridging arrangements

Property Funding of all types is very competitive, and many lenders may be prepared to offer funding on a Second Charge basis. Each lender has its own approach to interest rates and fee arrangements and finding and comparing offers demands an expert eye.  

At Rangewell, we have the expert knowledge that can not only help you secure the funding you need - it can save you a great deal of cash.

We can help you use Bridging Loans as a tactical source of funding for the short-term, and then work to find the most competitive source of long-term funding to replace them.

Discover our range of finances

Every type of finance for every type of business

Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.

Helping you build your profits

  • For property professionals
    Professional investors and developers can use Second Charge Bridging to raise cash on property they hold
  • Reduce costs
    Second Charge Bridging Loans can be more flexible and affordable than remortgaging.
  • Raise funding for any purpose
    Second Charge Bridging can raise funds to be used for any purpose.
  • Raise funds fast
    Bridging financiers will look at the value of the asset, and your exit strategy to make a decision in the shortest possible time.
  • Cost-effective
    Costs may be high compared with a mortgage - but cost-effective compared with other types of short-term lending.
  • A single repayment
    In most cases, all fees, interest and charges can be rolled up into a single repayment made at the end of the loan term, when an alternative fund source has been arranged.

Download Rangewell’s free and detailed guide to Bridging Loans

How does a Bridging Loan work?

Is Bridging Finance classed as short-term finance?

How can a Bridging Loan support your business?

How do Bridging Lenders calculate the rate of interest on a loan amount?

What are the real costs - how do they vary between lenders?

Are all lenders authorised and regulated by the financial conduct authority?

What can a Bridging Loan be used for?

Is it a requirement that my business' registered office is registered in England and Wales?

The downsides of Bridging Loans

Bridging Finance options explained in more detail - including open and closed bridging loans, and pay monthly, rolled-up interest and retained interest short term loan

Completion dates for Bridging Loans explained clearly

What is the difference between a Bridging Loan, a Commercial Mortgage and a Buy to let Mortgage?

What paperwork do you need?

Are there administration fees with Bridging Loans?

What options have I for interest payments on a Bridging Loan?

Is it standard to make repayments every 28 days?

Guarantees and security

Key Terms to check

Download now

Can a commercial Bridging Loan be used for both commercial property and residential property if it is to be used for business purposes?

 Is business finance the same as commercial finance?

How do interest rates vary between term loans?

How does the value of the property affect how much you can borrow?

Do I need an exit strategy in place before applying for Bridging Finance?

Does my company have to be limited, registered in England and have a Companies House registration number to be eligible for business finance?

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You need to know how you will repayIt is essential to have a clear exit strategy to ensure the loan can be repaid to avoid paying high penalty interest rates.
Some Bridging Finance may require a regulated lenderIt is not always essential to use an FCA registered lender. Many reputable Bridging Lenders are members of the Association of Short Term Lenders, a self-regulating body which operates a strict code of conduct. Getting an expert view of which lender to use is essential.
Your property may be at riskYou should remember that a Bridging Loan works like a mortgage and property may be at risk if the loan repayments are not kept up to date.

Our service is:


Transparent and independent, treating all lenders equally, finding the best deals.


Every type of finance for every type of business from the entire market - over 300 lenders.


Specialist Finance Experts support you every step of the way.


We make no charge of any kind when we help you find the loan you need.