Specialist Finance

Specialist Finance Explained

At Eclipse Financial Planning, we’ve partnered with a trusted third party to assist us with some of the more obscure borrowing requests we get from time to time.

Some Bridging loans are not regulated by the Financial Conduct Authority.

Second Charge Mortgages, Bridging Loans & Commercial Finance are by referral only.

Here are some examples:

Second Charge Mortgages

A second charge mortgage is a way of accessing equity in your property when your main mortgage lender refuses to do so. These mortgages tend to be smaller in size, held for shorter periods of time but have higher rates of interest because in the event of a default the 2nd charge lender gets paid their money after the main mortgage lender has received their debts back in full.

2nd charge mortgages can be used on residential or buy to let properties and can be used to raise capital for several reasons. Their attraction is that they often will entertain higher loan to values or higher income multiples than first charge lenders.

Bridging Loans

Bridging loans are short-term finance arrangements of usually 12 to 18 months. They are often used for development where the amount that can be borrowed is based on the future value. Another common way to use bridging loans is to buy property at auction where speed is important.

Commercial Finance

Whether you are an investor or a business looking to buy your own premises, you may be interested in purchasing a commercial property. Our trusted third party can help you navigate the different lenders to find a solution suitable for you considering the size, condition and future use of the property in question.