Second charge residential bridging loans

Get fast, short-term access to the capital you need to complete your projects

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TAB. Trust. Transparency.

1. Efficient and flexible service

2. Terms from one to 24 months

3. LTVs up to 70% 

4. No exit fees

5. Over 15 years of lending experiences

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Residential loans

TAB’s second charge residential loans are secured against UK residential properties. Second charge loans allow you to borrow money on a second charge legal basis. This means that you can take another loan out on a property providing there is enough equity to pay your existing first charge, and the second charge loan. Second charge loans are often used for the redevelopment of existing properties or the purchase of an investment property.

TAB lends directly to borrowers and through intermediaries. We offer loans up to 70% of the valuation of your project, including the cost of borrowing. There are no exit fees, and we do not lend against your principal residence.

TAB loans are unregulated. Any property used as security is at risk of repossession if you do not keep up with your payments.

Second charge commercial loans product details

Interest rate:
From 0.95% pm
Minimum loan:
£ 100,000
Maximum loan:
£ 5,000,000
Up to 70%
Maximum 24 months
Exit Fee:

Other charges may apply

How it works

Borrower applies

Following an initial enquiry, borrowers apply for a loan through our application process.

Decision made

Our team undertakes their due diligence and underwriting process on the borrower and the security property. Terms are then agreed.

Perfect match

The loan is then matched with investors on the TAB platform. Funds are typically available within just 14 days.

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Feefo review

Case studies

970 - Hackney, London
The client required a second charge residential loan of £380,000 for 12 months to refinance an existing bridge allowing sufficient time to establish an exit plan. A condition attached to the exit, in this case, waws that the property must be marketed by month six of the term to allow... ..
912 - Clerkenwell, London
The client required a £220,000 second charge residential loan to raise capital. The property used as security was a recently renovated property that is to be refinanced to Kent Reliance. Due to current market conditions, there was a delay on refinancing which is why the client required a bridge. The... ..
829 Selby, Yorkshire
The client needed a £250,000 first charge mixed use bridging loan for capital raise. The client’s exit strategy is to sell to a developer on the grant of planning permission. The planning was submitted for the conversion of commercial elements of the property to residential. The LTV was 65% and... ..

Our team

TAB knows the value of keeping things simple and transparent for everyone. Whatever the size or scope of your plans, our expert team of underwriters, business development managers, and an in-house legal team are here to help with your requirements. Book a meeting with one of our team today.


Duncan Kreeger

Founder and CEO

Nick Russell

Sales Director

Eli Korman

Chief Investment Officer and Head of Development Finance

Danny Scoltock

Head of Underwriting

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Meet the rest of the team

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Frequently asked questions

A bridging loan is a short term loan that typically lasts between 3 - 24 months. It is designed to bridge the gap in your finances until a long term financial solution can be sought or additional funds are received from an alternative source, such as a property sale.

At TAB we know that every borrower is unique. We have the flexibility to consider the broadest range of circumstances and the property market experience to recognize potential where traditional lenders see risk. - Refurbishment/redevelopment loans of all for properties of sizes and complexity - Developer exit loans for completed and nearly completed projects in need of extra finance - Auction completing loans - Commercial bridging loans to expand property portfolios - Mortgage bridging loans, when traditional lenders can’t complete quickly enough.

A second charge loan on a residential or commercial property allows you to borrow money, providing there is enough equity whilst leaving your existing first charge in place. A second charge loan applies if you already have a loan secured against a property that already has an outstanding mortgage. For property improvements such as extensions, you would likely need to take out a second charge bridging loan if you already have a mortgage on the property. The distinction lets the lender know who has priority in the repayment if you can’t pay off the loan by the end of the term.

Due to the short term nature of a bridging loan, the sum of money borrowed is due for repayment according to the terms that are agreed upon before the loan is completed. Interest is charged on bridging loans which is calculated on a monthly basis. Interest can be paid in one of two ways. Either monthly (serviced) or retained (unserviced). Retained means the total cost of the interest will be rolled up and added to the initial lump sum borrowed and due for repayment at the end of the loan term.

For more information you can view our full list of frequently asked questions here.