The client

An experienced investor who had won a property at auction and faced the standard 28-day deadline to complete, with the funds tied up in an existing property that was under offer but not yet sold.

The challenge

A fixed auction deadline, a property that was unmortgageable in its current condition, and an exit dependent on a sale that hadn’t yet completed. A conventional mortgage could never move at that speed.

Our approach

We arranged a short-term bridging facility secured against both the auction lot and the property being sold, with interest rolled up so there were no monthly payments during the term, and a clear exit on the onward sale.

The outcome

Funds were in place and the purchase completed in fourteen days, comfortably inside the auction deadline. The bridge was repaid in full when the existing property sold a few weeks later.

Client details have been anonymised. This is an illustrative example; individual circumstances and available terms will differ. Your property may be repossessed if you do not keep up repayments on a mortgage secured against it. Some forms of finance are not regulated by the Financial Conduct Authority.