Vitvo is an innovative, customer driven provider of unregulated bridging loans to the business and investment community. We offer market leading interest rates coupled with a fast, efficient and friendly service, and aim to make the bridge loan process as simple and clear as possible for every client. We only ask what we need to know, our forms are the shortest in the market. Apply on-line, Call or email today! Contact us on 0207 183 2203 or at firstname.lastname@example.org to make an enquiry.
How to Get a Second Charge Bridge Loan
Decision in Principle
The first step in obtaining a Second Charge Bridging Loan is to enter your basic details; your name, property providing the security, loan size etc. On receipt Vitvo will issue a Decision in Principle within an hour, if the application is made within working hours.
If you wish to proceed with the Second Charge Bridge Loan based on Vitvo's terms; the second step in obtaining a 2nd Charge Bridge Loan is to enter your remaining details of the loan in an application form. Parts of it will already be pre-filled from the original details you gave us at the Decision in Principle Stage. On receipt, Vitvo will turn this around in 1 working day.
Valuation and Legals
All being well, Vitvo will confirm that we can proceed with the Bridge Loan. The third step in obtaining a 2nd Charge Bridging Loan, is for Vitvo to arrange for a valuation, typically around £1,000. Simulataneously, Vitvo will work with your solicitor to document the agreed terms in a Second Charge Bridging Loan agreement. Once this is agreed, and signed by both parties, your Second Charge Bridge Loan is binding. This can take 3 days if each party is engaged.
Once the Second Charge Bridging Loan has been signed, our solicitor will transfer the money to your solicitor within 3 hours.
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This information is strictly for the use of approved intermediaries only Vita Solvo Ltd registered in England and Wales with company number 08251204 having its registered office at Flat A Melcombe Regis Court, 59 Weymouth Street, London, W1G 8NS