Arranging a £1.9M Auction Bridging Loan in Just 10 Days

• Client: HNW UK National
• Property Value: Approximately £3,000,000
• Loan Amount: Circa £1,900,000

Global Bridging Finance was approached by a high-net-worth client who had successfully won a prime residential property at auction in Central London. Under auction rules, the client was required to complete the purchase within 28 days, leaving them with limited time to arrange financing.

The property was acquired significantly below market value due to the seller’s urgent need to dispose of it. The client intended to refurbish the property before refinancing into a long-term facility. However, the short timescales and the competitive nature of the London market meant they required a lender capable of acting quickly and decisively.

Within 24 hours of the initial enquiry, we presented competitive bridging terms, supported by our direct access to specialist auction finance lenders. The loan was structured at an LTV of approximately 65%, giving the client confidence they could proceed without delays. Valuations and legal processes were initiated immediately, with the lender utilizing desktop valuation methods to expedite completion.

Our deep market knowledge and strong lender relationships ensured the deal was completed in just 10 days, well ahead of the auction deadline. This not only secured the purchase but also gave the client ample time to begin their refurbishment plans without the pressure of a looming completion date.

At Global Bridging Finance, our experience in navigating time-critical auction purchases enables us to deliver fast, flexible, and tailored solutions to clients, regardless of complexity or deadline.