Charge 

A charge is a legal order that secures a debt with a lender against your property. The type of charge is dependant on how many times the house has been secured against a debt. So most mortgages are 1st charge, and most loans are 2nd charge and even 3rd charge on occasions. 

A charge is ordered by who receives their money first if your property was ever remortgaged or sold.

For example, if the property has a 1st and 2nd charge, then if the property was ever sold or remortgaged, the 1st charge can claim all or part of the money borrowed before any other lender.

Back

Some of our lending partners

Acre Lane Capital
Broadoak Private Finance
Funding 365
Oakbridge
Agility Bridging
Apex Bridging
Hope Capital
Interbridge
Mintbridging
Together
Barton
Bath & West
The Bridging Group
Focused Lending
Lendinvest
MFS
Octane Capital
Proplend
Bridgecrowd
Tuscan Capital
West One
Whitehall Capital
Zorin Finance
Get the ball rolling

We use cookies. By using the website you agree with our use of cookies

Find out how to manage cookies and view our policy here.Continue