Case ScenariosCase Studies - Auction Finance
A fast bridging loan for auction property can support brokers placing time-critical auction cases with 28-day completion deadlines. Borrow up to £20m at a max. LTV of 75%.
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Utilising an Upfront Process to Speed Through an Auction Loan Application
Read case study“Auction bridging loans are specialist products designed to be issued quickly, helping property bidders meet tight deadlines. When a winning bid is locked-in, buyers typically have mere weeks, often 28 days, to finalise their purchase.
A bridging loan for auction property can help investors jump on an opportunity, while they organise a long-term strategy in the background. This could include refinancing, renovation work, or selling a property on.
Auctions typically move at a fast pace, meaning our funding needs to be fast and flexible. You can start your claim by contacting us and once the ball is rolling, we can issue finance in as little as 3 days.
This will allow you to meet an auction houses’ deadlines without delay. An auction house often requires a 10% deposit for winning bids which you will need to cover. We can then provide any remaining funds up to 75% LTV within that 28-day deadline, allowing property investors to move forward with confidence.
Auction bridging loans can be used for most types of properties that turn up in auction houses. This includes residential homes, commercial, and mixed-use assets. The funding can be used to purchase a property outright, launch refurbishment plans, or a combination of each.
Here at Market Financial Solutions, our auction bridging loans are available from £100k to £20m, with a maximum LTV of 75%.
Visit www.mfsuk.com for more information and to contact one of our underwriters.”
Bespoke bridging loan for auction property
- Min. loan amount: £100k
- Max. loan amount: £20m
- Max. LTV: 75%
- Interest rates: variable rates from 0.40% (+BBR), fixed rates from 0.75%
- Charge type (1st/2nd): 1st
- Loan term: 3 – 18 months
- Completion time: Funding can be issued in as little as 3 days.
- Exit fee: POA
- Location of property: England, Wales
Bridging Loan for Auction Property –
What you need to know:
What is an auction bridging loan?How much can I borrow?What can an auction bridging loan be used for?What types of property can I purchase?Why use an auction bridging loan for auction purchases?Who can apply?How long does it take to arrange this loan?Additional feesWhat do you need to assess an auction bridging loan?How can I apply?
What is an auction bridging loan?
Fast auction bridging finance is short-term funding designed to help buyers complete quickly after a successful bid. This bridging loan for auction property can provide time to complete within auction deadlines, carry out light refurbishment, or move onto longer-term finance as part of an exit plan.
How much can I borrow with an auction bridging loan?
With our auction bridging loan, borrowing is available from £100,000 to £20,000,000, up to 75% LTV. The maximum loan available will depend on your property type, valuation, and your exit strategy/timescales and can be issued in mere days.
What can an auction bridging loan be used for?
An auction bridging loan can be used to meet short-term completion deadlines, fund a purchase while longer-term finance is arranged, or support value-add plans (e.g., light refurbishment) before selling or refinancing the property.
What types of property can I purchase?
Our bridging loan for auction property can support residential, commercial, and semi-commercial purchases in England and Wales, subject to underwriting and valuation.
Why use an auction bridging loan for UK auction purchases?
Auction bridging finance can provide speed and certainty around completion, helping bidders work within auction timeframes and bid within an agreed borrowing limit. For brokers, it’s a practical option when a traditional mortgage timeline won’t match the auction deadline.
Who can apply for an auction bridging loan?
Our auction bridging loan is available to applicants aged 21-85, including individuals, company structures and self-employed borrowers.
We’re also accepting of applications from any country, barring those that are sanctioned, as well as applications from investors with adverse credit histories, CCJs, missed loan payments, defaults, bankruptcies and more.
Applicants don’t need to be based or own any assets in the UK.
How long does it take to arrange this loan?
On average, fast bridging for auction purchases is issued in around 2 weeks. However, when time is of the essence, we can provide bridging loans for your auction properties in as little as 3 days where needed, where the valuation/legal process and required information allow.
Additional fees
Fees can include an arrangement fee from 2%, plus any applicable legal/valuation costs, and potentially an exit fee depending on the terms. We don’t charge admin fees, and commitment fees are refunded on drawdown.
What do you need to assess an auction bridging loan?
Each case we deal with is assessed on its own merit. As such, the details needed will vary greatly. But you will need to provide certain documentation as a minimum.
To assess an auction bridging finance application, we typically need: UK property address, purchase price, estimated value, auction timetable, borrower/entity details, any existing borrowing on the security, and a clear exit strategy (sale/refinance/other). Rental details may be relevant where applicable.
How can I apply?
To start an application you can contact Market Financial Solutions by phone, email, or on our Live Chat.
Tel: +44 (0)20 7060 1234
Email: info@mfsuk.com
