The Client
A first-time auction buyer with no current property holdings, having recently sold their previous home to release capital for new opportunities.
With a winning bid of £112,500, they needed to secure fast finance to meet the auction’s strict 28-day completion deadline.
The Challenge
- Auction Deadline: The client came to us nine days into a 28-day window, needing urgent funding.
- Limited Liquidity: Insufficient up-front capital for standard bridging (capped at ~75% LTV).
- No Property Portfolio: Didn’t meet lender criteria, with no current holdings or BTLs.
- Adverse Credit: Outside standard lending parameters.
- Short Loan Term: Required a bespoke nine-month facility.
The Solution
Led by our expert team, we delivered a tailored bridging finance package that overcame all the hurdles:
- 85% Gross LTV: Secured above-standard leverage to meet funding gap.
- No Upfront Costs: Free AVM, no-cost undertaking, and legal fees added to the loan.
- Lender Exceptions: Gained approval despite adverse credit and no property portfolio.
- Fast Turnaround: From application to offer in 7 days, and completion in 9 — all within deadline.
- Bespoke Loan Term: Tailored 9-month facility aligned with client’s strategy.
The Outcome
The client completed their auction purchase on time and without delays. They retained their capital, paid no up-front fees, and secured a flexible loan at 0.99% monthly, allowing them to focus on the refurbishment and exit strategy with confidence.
Why Choose Capital B Property Finance?
We specialise in delivering fast, creative solutions for clients navigating time-sensitive or complex transactions. Whether it’s a high-LTV requirement, limited liquidity, or tight deadlines, our experience and lender relationships ensure we get deals done.
Need speed and flexibility for your next project? Contact us today to discuss your options.
