Second charges and bridging finance

Alternative buy-to-let finance solutions for landlords

If you have landlord clients who are looking for an alternative to regular first charge buy-to-let finance, there are options available to them.

Second charge buy-to-let mortgages or short term finance such as bridging can resolve issues faced by landlord clients who are looking to raise capital. For example, those tied in with their existing mortgage provider or those on a very low reversionary rate with no incentive to remortgage away from their current product.

Bridging is certainly growing in popularity among landlords and its reputation for being punitively expensive seems to be diminishing. If used intelligently, bridging can be an excellent resource for buy-to-let investors and enable them to make the most of opportunities and bargains in the rental property market.

For example, bridging is an excellent short term solution for landlords buying property at auction. Auction properties can often be obtained at a reduced price and allow investors to avoid paying higher stamp duty. Bridging can also provide an alternative for landlords purchasing cheaper properties that need some refurbishment before they are let out. There are numerous light refurbishment products available through core lenders, but a bridging specialist can often provide the resource to carry out more extensive renovations.

TBMC now offers a range of both second charge and bridging products with Together Mortgages, Shawbrook, Interbay and Precise.

Dudley exclusive buy-to-let mortgages

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This website is aimed at mortgage intermediaries and investment professionals only and is not intended to be relied upon by borrowers or investors.
© The Business Mortgage Company Limited: registered in England and Wales no. 5390573. Greenmeadow House, 2 Village Way, Greenmeadow Springs Business Park, Cardiff, CF15 7NE.
The Business Mortgage Company Services Ltd is authorised and regulated by the Financial Conduct Authority (No. 302764) to transact regulated mortgages and registered as a Consumer buy-to-let arranger. The FCA does not regulate some investment mortgage contracts.