Bridging Meets Auction Purchase Deadline

A broker got in touch with us to assist with bridging finance solution for a client. The client was looking to raise funds for an auction property purchase.

We were up against a tight deadline to secure the funds, and the property the clients were purchasing was in Scotland, therefore we had to adhere to different legal processes. This proved a challenge, due to the known slower turnaround times, however we were confident we could find a solution.

We received the initial application from the broker and immediately got to work on finding a suitable outcome for the client. Within a day, we had secured a lender offering the full loan amount, with the most favourable terms. Our quick communication with the broker, meant that we received all relevant documentation back within 4 hours. Conducting an AVM helped to speed up the process. The subsequent legal process took just 2 weeks from initial enquiry to funding, setting a new time record for funding a case in Scotland.