Lakeshield, the specialist bridging and refurbishment lender, has launched a new auction finance product designed for fast-moving purchases such as auction acquisitions and distressed sales.
The new auction bridging product offers a streamlined process for loans from £250,000 to £20 million, available over terms of 3 to 24 months. Loans are available up to 75% LTV for residential at rates from 0.85% per month, and up to 70% LTV for commercial from 0.99% per month.
The product is being introduced via Brickflow, where it will be exclusively available for an initial three-month period.
Focused on speed, flexibility and accessibility, Lakeshield’s new auction bridging product removes common friction points in the loan process. AVMs, desktop valuations and dual rep legals are used to accelerate completion times, helping brokers and their clients secure assets quickly and confidently. No manual valuations are required up to 70% LTV on residential and 55% LTV on commercial transactions.
Lakeshield will consider a broad range of borrower profiles, including offshore entities, adverse credit, and non-standard or uninhabitable properties. In auction scenarios, the lender assesses cases on purchase price rather than open market value, allowing for simpler underwriting and faster decision-making.
“We believe in looking for reasons to say yes, not no,” said Daniel Rodney, Co-Founder of Lakeshield. “This auction product reflects our approach to pragmatic, fast, and flexible lending. It’s built for brokers who need certainty and speed in the auction environment.”
Glenn Franklin-Jones, Director of Lender Relations at Brickflow, added: “We’re proud to launch this product exclusively through Brickflow for the first three months. It’s ideal for brokers needing quick decisions and reliable completions in the fast-moving auction space.”