Top 5 reasons people use second charge Bridging loans

Second charge Bridging loans currently represent 32% of the market, but what are they most commonly used for?

1. For business purposes.

2. Renovating property.

3. Buying a new property.

4. Refinancing an existing mortgage or bridging loan.

5. To meet a tight deadline, such as a HMRC tax bill, CBILS loan, divorce or VAT.

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