Second Charge Bridge on a Main Residence
- Client
- Private medical practitioner
- Finance type
- Bridging (2nd Charge)
- Amount
- £1,147,650
- Lender
- Catalyst
- Outcome
- Completed in 6 weeks
- Commission
- £34,429.50
- Location
- Kensington, London
- Lead source
- Meta (paid ads)
A private medical practitioner wanted to pay off a secured business loan and expand his practices across London. With his main residence in Kensington already carrying a first charge, a second charge bridge let him raise the capital without disturbing the existing mortgage.
We arranged a £1,147,650 second charge bridging facility with Catalyst, completed in six weeks. That cleared the business debt and funded the next stage of the expansion in one move.
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