3rd charge 

A lender can place a 3rd charge on your property, but only where you have a mortgage and one other secured loan, or two forms of secured loan, already secured against your property. 

As a lender's risk level is much higher with a 3rd charge loan, they are much harder to secure. However, some lenders will still honour this if there is enough security (usually in the form of property) to place the bridging loan against. 

Related topics 

What is a second charge?
What is a third charge?

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