Bridging Loan Cases

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Property auction finance

Long time property investor, redeveloper, frequent auction attendee and client of ours, Mr. Smith wasn't at the auctioneers recently to purchase a house to renovate and sell on. He was actually there showing his brother-in-law the ropes. It was only by chance he saw a house with massive potential well, in need of extensive refurbishment, but priced to sell. He needed a decision in fact, not just in principal immediately on property auction finance. Due to his previous history with us, we were able to give him a final decision immediately. He got a bridging loan from us and used it to finance his auction purchase with funds transferred the very same day.

Mrs. Dene had spotted a house advertised for auction whilst out walking her dog. She Googled for auction finance, found our website, contacted us, liked the way we operated and our favourable rates and terms of loans, applied, was accepted within 48 hours and bought the property at 60% of its true market value with a bridging loan from us in the same week. We actually advanced her the full amount of the purchase. It took her 45 days to get a mortgage approved from her bank and used the funds to clear off the auction finance, paying only two interest payments on her short term bridging loan with no early repayment penalties. That is what we call cheap auction finance.

Adverse credit cases

Ms. Jones had recently divorced. He ex-husband had run up debts in her name which she had to pay off. We were able to advance her the funds she needed until the house she bought with her ex was sold. Even though she had a bad credit rating, which wasn't her fault, we were able able to bridge her enough money to repair her credit rating. Fortunately, her house sold quickly, she was able to clear the short term funding and was even able to use the rest of the proceeds from the sale to purchase a new home.

Mr. Matthews had recently lost his employment and during his time unemployed, had fallen behind in his mortgage payments. He did find a new job, but was still under the threat of repossession and the missed payments were showing up on his credit rating. Because of the equity built in in his property, we were able to advance him enough money to clear his mortgage completely and eliminate the threat of repossession. With his credit history repaired, he was able to remortgage and pay off his the bridging loans and also ended up with a smaller monthly remortgage payment than his original mortgage.

Commercial property

A steel fabrication company needed their business premises extending to house new equipment which had already been ordered. The development finance from the bank had been delayed due to red tape and the like, which is common place with banks. We visited the commercial property, saw the vision of the owners and was able to organise them commercial bridging loans to complete the work. The bank took a further two months to okay the remortgage on the property. In which time the actual extension had been built and the new equipment was not only installed, but was up and running.

Mr. Lee had purchased a restaurant. He wanted to completely refurbish it. He did have funds to pay for the full building refurbishment, but it was tied up in other investments. We offered him short term commercial bridging finance, he like our favourable rates and when he managed to release his funds from his other investments, paid us off in full, paying only three interest payments.

So if you are looking for easy bridging loans, feel free to use our online enquiry form or give us a call on 0845 467 97987 for your short term borrowing needs on residential, commercial or even auction finance. Each and every case is assessed on its own merits, and because we are principal lenders, we can cut through all the red tape quickly, to give not only a quick decision, but a fast payout.