What are Second Charge Regulated Bridging Loans?

Second charge regulated bridging loans are normally used to carry out improvements to your primary residential property – for example, an extension or a loft conversion. 

Second charge regulated bridging loans are suitable when more extensive types of work are required on a property which may disqualify an application for a second charge mortgage.   

Once the work has been completed, you would normally secure a new mortgage or a second charge mortgage to pay back the bridging loan.