When Alex*, a property investor in the West Midlands, spotted a three-bedroom house with great rental potential at auction, he knew it was a solid buy-to-let opportunity. He won the bid, but like in all auction purchases, he had a strict deadline to complete the sale. Without fast financing, Alex risked losing both his deposit and the property.
Key Details
Location: West Midlands
Property: Three-bedroom semi-detached house
Purchase Price: £183,000
Loan-to-Value (LTV): 75%
Gross Loan: £137,250
Completion Deadline: 5 weeks
The Challenge
With only five weeks to secure funding, Alex needed fast, flexible financing. Traditional lenders couldn’t meet the timeframe, so he came to us for a bridging loan.
Our Solution
We quickly set up a 12-month bridging loan at 75% LTV, covering most of the purchase price. Our team handled everything, from initial checks and valuation to the final paperwork, keeping Alex updated through a broker. Within five weeks, we transferred the funds, and the sale was complete on time.
Next Steps
Alex now plans to refinance with a high-street lender, moving from the bridging loan to a standard buy-to-let mortgage, which gives him long-term security on the property.
This case shows how we help investors like Alex navigate auction purchases with tight deadlines. When time is of the essence, we provide fast, reliable support to keep deals on track.
*name has been changed for privacy
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