Bridging Loan in 10-Days Enables Quick Acquisition of Charming Maisonette

Auction Finance Bridging Loan

Location: Surbiton

Property Type: Maisonette with a Garden

LTV

60%

Loan Amount

£114K

The Scenario

We successfully secured a bridging loan to help our client facilitate the acquisition of a delightful first-floor maisonette with a charming rear garden, which was purchased at an auction. Impressively, the funding was secured in just ten days, demonstrating our commitment to efficiency and responsiveness.

Our dedication to exceptional customer service played a key role in completing the transaction well before the 28-day auction deadline. We easily navigated the process by collaborating closely with the introducer and solicitors. Ultimately, we arranged financing of £114,000, structured with a loan-to-value (LTV) ratio of 60%. This proactive approach ensured adherence to the timeline and underscored our commitment to confidently meeting our client’s needs.

The Highlights

  • Used a bridging loan to acquire a first-floor maisonette and
  • Secured funding in just ten days, completing the transaction well before the 28-day auction deadline.
  • Collaborated closely with the introducer and solicitors to navigate complexities, emphasising a strong commitment to customer service.
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