Second charge bridge rescues landlords from arrears
Specialist lender Somo has completed a £145,000 second charge bridging loan to help two portfolio landlords clear mortgage arrears and remove a title restriction. The 18-month facility was secured against a property valued at £460,000 with an existing £65,000 first charge, allowing the borrowers tim
<p>Specialist lender Somo has completed a £145,000 second charge bridging loan to help two portfolio landlords clear mortgage arrears and remove a title restriction. The 18-month facility was secured against a property valued at £460,000 with an existing £65,000 first charge, allowing the borrowers tim</p>