Unlock equity without remortgaging.
Second charge bridging made simple.
Many of your customers are sitting on significant property equity, but remortgaging isn’t always the right solution.
If your customer is locked into a great fixed rate, a remortgage could mean:
- Early repayment charges (ERCs)
- Losing preferential mortgage terms
- Moving onto a higher interest rate
- Resetting long-term debt
Second charge bridging offers another option.
It allows your customer to raise capital against their property while leaving their existing mortgage in place.
When could second charge bridging help?
Second charge bridging can be a smart solution when your customer needs fast access to capital, such as:
- Home improvements or refurbishment
- Short-term cash flow
- Property opportunities
Instead of disturbing their main mortgage, they can unlock equity quickly and deal with the short-term need.
Example scenario.
A customer owns a property worth £600,000 with an existing mortgage of £300,000 fixed at 1.9% for two more years.
They want to release £80,000 to fund a property refurbishment project.
Remortgaging could mean:
- Paying early repayment charges
- Losing their low fixed rate
- Moving onto a higher interest rate
Instead, a second charge bridging loan allows them to access the £80,000 quickly while keeping their existing mortgage untouched.
Once the project is completed, they can repay the bridge through a refinance or sale.
Is your case suitable? Quick checklist
Second charge bridging could be worth exploring if your customer:
- Has strong equity in their property
- Wants to keep their existing mortgage rate
- Needs capital quickly
- Has a clear repayment strategy
- Only needs the funds for the short term
If this sounds familiar, a second charge bridge may be the simplest solution.
Why brokers use second charge instead of remortgaging.
Many brokers are increasingly using second charge bridging when remortgaging isn’t ideal.
Common reasons include:
- Protecting a customer’s low mortgage rate
- Avoiding early repayment charges
- Accessing funds quickly when time matters
- Keeping long-term borrowing separate from short-term needs
It’s often a more flexible way to solve short-term funding needs without disrupting the main mortgage.
Why brokers work with Precise
If you don’t place bridging regularly, we’re here to help.
With Precise second charge bridging, you benefit from:
- Rates from 0.79%
- Fee free AVMs
- Fast decisions
- Dedicated support from enquiry to completion
Our experienced team helps structure the deal and manage the process, making it straightforward even if bridging isn’t your usual area of expertise.