London bridging lender launches second charge loan exclusive

London bridging lender launches second charge loan exclusive


A London-based specialist, short and medium-term lender, is offering a second charge exclusive on short and medium-term residential and buy-to let-loans through five key partners.


Drawbridge Finance is offering a number of exclusive rates, available on second charge loans at various LTVs up to £2 million, from 1.3% pm on short-term loans to 10.99% pa on loans of up to three years.

Drawbridge Finance’s five partners offering the second charge exclusive are: Positive Lending, Enterprise Finance, First 4 Bridging, Savills Private Finance and John Charcol.

Paul McGonigle, Managing Director of Bournemouth-based packager Positive Lending, said: “With this exclusive on second charge loans, Drawbridge Finance has once again demonstrated that it is the standout lender within short and medium term finance.

“Its ability to comfortably lend up to £2 million on a second charge basis meets a growing demand among professional property investors and landlords who need agile and proactive lenders.”

Mark Posniak, Head of Marketing and Operations at Drawbridge Finance, said: “Drawbridge Finance has a significant funds pool to draw on and the message we want to give to brokers with this second charge exclusive is that we are here and have a strong appetite to lend.

“However complex the borrowing requirements of your clients may be, we are ready to listen and will do our utmost to make the deal work.”

For the full second-charge exclusive product criteria visit the Drawbridge Finance website.


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