Bridging Finance for a Fast Auction Property Purchase: Sourced a Bridging Loan with a Swift Exit Strategy

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The Client

Our client required a fast bridging solution to fund the 10% deposit and complete the purchase of a UK property, which they acquired at auction within a 20-day completion deadline.

The Solution for Fast Purchase of Auction Property

To meet the deadline for the purchase of their auction property, a bridging loan was secured. A swift exit strategy within one month was essential to mitigate the impact of high-interest payments. Given the client's plan to make the property a primary residence, securing a traditional remortgage within the required timeframe would usually be a challenge due to the process timelines of standard residential lenders Our team's market knowledge and strong lender relationships enabled an accelerated process, resulting in a property valuation within 24 hours and a mortgage offer within one week of application for the auction bridging loan.

The Henry Dannell Difference

This case exemplifies our firm's proficiency in navigating the complexities of auction bridging loans. Through seamless collaboration with legal counsel and our in-house finance specialists, we successfully secured expedited lender approval, exceeding client expectations and enabling them to make their fast auction property purchase.