£1.2 Million Auction Bridging Loan for Residential Property Purchase

Client: UK-Based Property Investor
Property Value: Circa £1,700,000
Loan Amount: Approximately £1,200,000
Category: Auction Bridging Loan

Global Bridging Finance was approached by a property investor who had successfully won a bid at a London auction and needed to complete the purchase within the standard 28-day deadline. The client secured a high-value residential property at a significant discount but required fast access to funds to complete the deal and avoid losing their deposit.

Given the time constraints, traditional lenders were not a viable option. The client required a bridging loan that could be arranged, approved, and drawn down within three weeks.

The Solution

Global Bridging Finance immediately initiated the process, liaising with a trusted lender experienced in completing fast auctions. Within 24 hours, we presented indicative terms, and formal credit approval was obtained shortly after.

The loan was structured at approximately 70% LTV, secured solely against the auction property. To speed up the process, desktop valuations and expedited legal checks were arranged, ensuring no time was wasted. Our team worked closely with the lender, solicitors, and client to maintain full alignment throughout the transaction.

The bridging facility provided the liquidity needed for the client to complete the purchase on time, preserve their auction deposit, and plan for refinancing onto a long-term mortgage once light refurbishment was complete.

Outcome

The deal was completed in just 18 days from enquiry to drawdown. This rapid turnaround allowed the client to capitalise on a below-market opportunity, demonstrating Global Bridging Finance’s ability to deliver fast, flexible, and reliable funding solutions under pressure.