An equitable charge loan is a short term funding solution secured against the equitable interest in the property, usually behind a 1st charge lender. An equitable charge loan can be used when the 1st charge lender prohibits a 2nd legal charge from being lodged. We work with lenders and HNW individuals that act with discretion and do not require the consent from or correspondence with the 1st charge lender. This helps borrowers utilise the equity in their property where a conventional 2nd charge loan is not an option.
Rates from 1% per month
Maximum term up 24 months
Desktop valuations may be possible to speed up the process
Loan sizes from £50,000 - £10,000,000