Frequently Asked Questions

Search FAQs

Search FAQs

What is a second legal charge?

A second legal charge is secured against the remaining equity in the property after the debt of the first legal charge is satisfied. The first charge lender has to permit a second charge to be instituted. Vector does not currently lend against second charges.

What is a first legal charge?

A first legal charge gives the lender the right to take control of the property if the Borrower defaults. The lender has precedence above all others and can appoint a receiver.

What is a non-status loan?

Non-status bridging loans do not take the status of the borrower in making a decision. Vector will take an overall view on the case but mainly on the property value. That means a CCJ or previous defaults will not necessarily lead to a rejection of your application.

Do I need a solicitor?

Yes. You need to be represented via a solicitor.

Are there any early repayment penalties?

No. Vector does not charge part or early repayment penalties.

How much will it cost to apply?

There are no fees to apply.

What security do you require?

We can take the security of residential properties, commercial properties or mixed residential/commercial assets located in England.

How long does the process take?

We can move fast if required but normally the process takes 2 to 4 weeks.

What length of time do you lend for?

12 months terms that can be extended to 24 months and sometimes to 36 months.

How much can you lend?
What types of finance can you provide?

Bridging loans secured against property for investment property purchase, to buy and renovate property, auction purchases, and working capital for your business.

Do I have to fill lots of forms to apply?

No. Your Broker will request sufficient information from you to enable a decision in principle.

Vector Capital Plc is a public limited company specialising in providing principal finance to the private and corporate sector.


Vector Capital Plc
6th Floor, First Central 200, 2 Lakeside Drive, London NW10 7FQ 

t. 020 8191 7615


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