Auction finance in Croydon: £150k bridging loan for purchase.
Client situation. An auction enquiry was introduced to us by a valued broker, for a 3-bedroom flat in Croydon. The borrower, an experienced property developer, had won at auction and needed financing to complete the purchase. They had their own funds lined up for a comprehensive refurbishment during the loan term, but needed a lender […]
Dorset auction finance: £158k bridging loan for multi-unit conversion.
Client situation. A broker introduced a client looking for funding for an auction purchase of a terraced house which was split into three self-contained flats. The client planned to refurbish the vacant second floor during the loan term, then split the freehold into three leaseholds to enable buy-to-let refinancing – a straightforward loan, but with […]
East London auction finance: £161k bridging loan completed in 5 days.
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. […]