Drawbridge launches second charge loans range

Drawbridge Finance, the London-based specialist short and medium-term finance company, is offering a second charge exclusive on short and medium-term residential and buy-to-let loans.

A number of exclusive rates are available on second charge loans at various LTVs up to a market-leading £2m, from 1.3% pm on short-term loans to 10.99% pa on loans of up to three years.

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

Danny Waters, CEO of Enterprise Finance, said: “We are delighted to be able to offer this market-leading second charge product range to our clients.

“In little more than a year, Drawbridge Finance has taken the short and medium-term loans market by storm, establishing itself as the lender of choice for the UK’s brokers with rates and a fee structure that beat the competition hands down.”

Mark Posniak, Drawbridge’s head of marketing and operations, 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.”