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  /    /  Residential Auction Finance (£500,000)

Residential Auction Finance (£500,000)

The client had bought a property a auction. After several unsuccessful attempts to arrange bridging finance for themselves, they sought our help. The client had 7 days to complete the purchase and a notice of completion had already been served. The client was running the risk of losing several hundred thousand pounds if they did not meet the auction deadline.

Azurian Capital collated the client’s finances, and we contacted one of the lenders on our panel specializing in fast turnarounds for property purchases. The client’s property was secured with bridging loan ensuring that there would be no exit fee or minimum term and once secured we were able to convert the bridging loan into long term buy to let product.