£1.2M Auction Bridging Loan for Central London Flat Purchase

• Client: UK-based investor
• Property Type: Residential flat in Central London
• Property Value: Circa £1.8M
• Loan Amount: £1.2M
• Repayment: Interest-only bridging facility
• Timeline: Completion required within 21 days

When a client secured a winning bid at a London property auction, they faced the challenge of completing the transaction within the strict 28-day deadline imposed by the auction house. The property, a high-value residential flat in a prime Central London location, had strong rental potential, but traditional mortgage financing would have taken too long.

The client required a £1.2M bridging loan, representing approximately 65% loan-to-value, to cover the bulk of the purchase price. The short timescale, combined with the competitive nature of auction purchases, meant the client needed a broker who could act immediately and navigate potential valuation and legal complexities.

Global Bridging Finance stepped in to structure an efficient solution. Within 24 hours of the enquiry, we presented indicative terms and secured a lender willing to move quickly. A desktop valuation was conducted to expedite the process, and our team liaised directly with the client’s solicitors to ensure all necessary documentation was prepared in accordance with the auction deadline.

The bridging loan was successfully completed in just 21 days, allowing the client to acquire the property without risking forfeiture of their deposit. With the property now secured, the client is arranging a longer-term refinance strategy, supported by anticipated rental income.

This case showcases our ability to deliver auction bridging finance under strict deadlines, enabling clients to act decisively and secure high-value opportunities without delay.