Helping Commercial Property Investors Turned Away by High Street Lenders

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Often, brokers and their clients turn to us knowing exactly why they need specialist finance. They know from the outset that they’ll need a bridging loan, and they’ll progress with their plans expecting to make an application down the line.

Then there are those who unexpectedly find themselves in need of our wares. They may be accidental landlords or, as often is the case, pressured auction bidders.

Say a person plans to make their first property investment with a commercial opportunity found at auction. The asset just needs a bit of TLC to bring it back to life, and the property investor paid the deposit to secure the asset, assuming they’d have no problem arranging finance.

This is where problems can emerge, however. This person underestimated how their background would have held them back with mainstream lenders. They had two banks lined up which they thought would deliver the funding with no problem, yet both turned them away.

The first declined their application due to the auction house’s 28-day deadline, knowing they wouldn’t be able to move that quickly. The second turned the borrower away due to them having an outstanding CCJ on their record – the lender’s auto-decline kicked in.

Understandably, the borrower here may get worried about their options and their looming deadline. They could turn to specialist finance for a solution, and we could provide just that at Market Financial Solutions.

To start with, we underwrite from day one of an enquiry, meaning no-one is automatically rejected. We don’t have a tick-box lending criteria – we give every case a fair hearing. We’d be able to adjust to the CCJ situation, and the underwriter involved would put in a condition that it would need to be cleared prior to any funds going out. Also, with a bridging product designed from the ground up for auction purchases, we are able to keep up with the deadlines involved.

In this specific case, with the need for refurbishment, we could utilise our deferred interest tool to keep the monthly costs low while the works are done in the opening weeks. This would allow the borrower to confidently move forward with either a resale or refinancing exit strategy.

FAQs

Can Market Financial Solutions provide funding for refurbishment works on an auction property?

Absolutely. We offer bridging loans designed specifically for refurbishment projects. Dpending on the product, borrowers can also make use of our deferred interest option, which allows them to keep monthly payments low while works are underway, helping to manage cash flow in the crucial early stages.

Can I get finance if I’ve bought a property at auction but my bank declined my application?

Yes. Market Financial Solutions specialises in bridging loans that are built to meet tight auction deadlines. We understand that mainstream lenders often struggle to deliver within the 28-day completion window. Our underwriters assess each case from day one, meaning we can move quickly and provide tailored funding solutions to help you complete on time.

What if I have a CCJ or other credit issues – will I automatically be rejected?

Not with Market Financial Solutions. We don’t operate a rigid tick-box system or rely on automated declines. Instead, every case is individually underwritten from the outset. Even if you have adverse credit or a CCJ, we can work with you to find a solution – such as adding a condition that the CCJ be cleared before funds are released.

How quickly can Market Financial Solutions complete an auction bridging loan?

Speed is one of our key advantages. We’re structured to deliver bridging finance fast – often within days of receiving all required documentation. Our experience in auction purchases means we understand the pressure of the 28-day deadline and have refined our processes to make completion achievable within that time frame.

What makes Market Financial Solutions different from mainstream lenders?

Flexibility and experience. We look beyond credit scores and checklists, focusing instead on the property’s value and potential. Our in-house underwriters and decision-makers are accessible, pragmatic, and empowered to find solutions quickly – helping brokers and clients move forward with confidence, even when other lenders say no.