£1.1M Auction Bridging Loan for Residential Acquisition

• Client: UK Property Investor
• Property Value: Circa £1,600,000
• Loan Amount: Approximately £1,100,000
• Security: Residential Property Purchased at Auction
• Purpose: Time-Sensitive Auction Completion
• Timeframe: 14 Days

A UK property investor approached Global Bridging Finance after successfully bidding for a residential property at auction. The purchase price was approximately £1.6 million, and the client required £1.1 million in bridging finance to complete the transaction within the standard 28-day auction deadline.

The main challenge was speed. Traditional mortgage financing was not an option, as the timeframe to complete was too short. The property also had several minor legal issues related to title registration, which meant that some lenders were unwilling to proceed within the specified timeframe.

We immediately engaged with our network of specialist auction finance providers and identified a lender prepared to underwrite the case quickly. By arranging for a rapid desktop valuation and working with solicitors experienced in handling auction purchases, we were able to streamline the process. The facility was approved within days, and the funds were released in just two weeks, comfortably ahead of the auction completion deadline.

The loan was structured with an agreed exit via a standard buy-to-let mortgage, allowing the client to refinance at competitive terms once the property was regularised and let to tenants. This ensured a smooth transition from short-term finance to long-term borrowing.

This case highlights Global Bridging Finance’s expertise in securing fast and reliable auction bridging loans, enabling clients to complete purchases on schedule and capitalize on investment opportunities.