Client situation.
Sometimes auction purchases need lightning-fast funding, and this was one of those times. The client had secured a 1-bedroom flat through a pre-auction agreement and needed immediate financing to complete the purchase. Their strategy involved extending the lease and light refurbishment before putting it back on the market – a clear exit plan. All they needed was reliable, rapid funding to execute successfully.
Our solution.
With just days to work with, we structured a 70% LTV deal for a £161,000 loan. From initial assessment through to legal stages, we worked quickly to meet the tight deadline. The broker knew they could count on us to deliver when time was of the essence. Our streamlined auction finance process meant we could assess, approve, and complete quickly.
Result.
With only five days from application to providing funds to the client, they secured their auction purchase, and the broker demonstrated the value of working with a lender who truly understands urgent timelines. This deal showcased our ability to deliver when conventional lenders simply cannot match the speed required.
Do you have a client with auction finance needs? We specialize in deals that can’t wait.