£336,000 Bridging Loan for Auction Purchase Completed in 8 Working Days
We recently arranged a £336,000 bridging loan for an auction property purchase, where speed was essential due to an 8-working-day completion deadline.
The client had been introduced via an HLP broker after a previous packager was unable to place the case due to adverse credit history. This limited access to mainstream lending and made a specialist bridging finance solution essential.
Working closely with Together, we leveraged strong lender relationships to secure an initial loan agreement within 24 hours, allowing the client to proceed confidently with the auction purchase.
The case required fast action and precise coordination to meet strict deadlines. We successfully arranged a £336,000 un-regulated bridging loan, enabling the client to complete the property purchase within the required timeframe.
Without this solution, the client risked losing both the property and their auction deposit and associated fees, making speed and certainty critical to the outcome.
Despite the presence of adverse credit, the lender took a pragmatic approach based on the strength of the security and the urgency of the transaction. This highlights the importance of using a specialist bridging finance broker when traditional lenders are unable to assist.
The case demonstrates how auction finance and bridging loans in the UK can provide fast, flexible funding for time-sensitive property transactions, even where adverse credit would typically prevent approval.
