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Property auctions offer a fast-paced route to acquiring an investment property, often at below-market value. But speed should not overshadow due diligence. A crucial element in this is the property auction legal pack. Understanding its contents is essential to informed bidding and avoiding costly mistakes.Keep reading to understand what is included in a typical property auction legal pack in the UK and how KSEYE’s bridging finance can help you secure funding ahead of the auction payment deadline. What is a property auction legal pack? The legal pack is a collection of documents prepared by the seller’s solicitor and available to potential buyers before a property auction. It contains all legal information relating to the property, making it key for conducting due diligence before bidding. Unlike traditional purchases, where you have time for surveys and searches after an accepted offer, auction purchases are legally binding upon the fall of the hammer. Therefore, reviewing the auction legal pack before bidding is essential. What key documents are in a property auction legal pack? While specific contents may vary depending on the auction house, a standard property auction legal pack generally includes: Official Copies of the Title These documents from the Land Registry prove the seller’s ownership and detail existing rights, restrictions, or covenants on the property (e.g., rights of way, easements, restrictive covenants). This is crucial for understanding exactly what you are buying. Local Authority Searches These searches detail information held by the local council, such as planning permissions (granted or refused), building control certificates, local land charges (e.g., road widening schemes), and environmental issues (e.g., flood risk). Understanding potential planning constraints or environmental concerns is vital. Property Information Questionnaire (PIQ) / Seller's Property Information Form (SPIF) Completed by the seller, this details the property’s history, neighbour disputes, services, utilities, and known defects. While sellers are legally obliged to disclose certain information, independent checks are always advisable. Special Conditions of Sale These are additional clauses specific to the auction sale, which override standard conditions. They might cover specific property issues, such as shared access, boundary disputes, or outstanding planning applications. This section of a legal pack can often contain important details not covered elsewhere. Copies of Leases (if applicable) If the property is leasehold, the legal pack includes a copy of the lease which details lease terms, ground rent, service charges, and leaseholder restrictions. Understanding the lease is crucial for leasehold properties. Energy Performance Certificate (EPC) An EPC certificate provides information about the property’s energy efficiency. With both existing and upcoming requirements of specific EPC ratings to be able to let a property, this is important to understand. Environmental Searches These will often look at contaminated land, flood risk, and other environmental factors. Where to access legal packs Legal packs are typically available for download from the auction house’s website a few weeks before an auction’s date. Where auctions take place in person, they may be available in the room. They may also be available for inspection at the auction house’s offices. To touch on some of the more popular property auction houses in the UK, Savills, Allsop and Auction House all include a link to the relevant legal pack on the individual page for each lot on their website. Why reviewing the property auction legal pack is important Reviewing the legal pack is important because it allows you to bid with increased knowledge of the property that is not available just by looking at the lot online. The legal pack can highlight legal issues, such as restrictive covenants, planning disputes, or boundary issues, that could affect the property’s value or future use. It confirms the seller’s ownership and identifies existing rights or restrictions.Ultimately, it provides the information needed to assess the property’s value and determine your maximum bid. By thoroughly reviewing beforehand, you can avoid unexpected legal issues after the auction, which could lead to costly disputes or even the collapse of the purchase.It is strongly recommended that you instruct a solicitor experienced in property auctions to review the legal pack. They can identify potential red flags and advise on the legal implications.Please note that KSEYE is not a solicitor and can not provide this advice. KSEYE: Specialists in auction bridging finance While checking the legal pack is crucial for successful auction purchases, it is equally important to secure funding by the payment deadline. KSEYE offers bridging loans designed specifically for property auctions, and we can even pre-agree auction finance, so the process is already underway if you win the lot. Our bridging loans offer:Fast Completion Times: We understand the time-sensitive nature of acquiring finance for auction purchases and can provide funding within days, ensuring you meet the necessary deadlines.Flexible Products: With a lower rate Lite product range alongside our fully Bespoke bridging products, we offer tailored bridging loans to your needs, with flexible repayment options.Expert Support: Our experienced team has worked to provide funding for many auction purchases ahead of the deadline and understands the importance of keeping you updated every step of the way. Conclusion The property auction legal pack is indispensable for anyone considering buying property at auction. By thoroughly reviewing its contents and seeking professional advice from solicitors, you will be well-positioned to make auction purchases with a higher chance of being worthwhile investments.Securing pre-approved finance from KSEYE will enable you to go into an auction with confidence, and increase your chances of a successful property auction purchase. Contact KSEYE today to learn more about how we can help you to fund your property auction purchases.

Commercial bridging loans are short-term financial loans that are secured against commercial property or development sites. With both Bespoke commercial bridging and a Commercial-Lite product, we can fund a range of commercial property investments, with loans available from £150,000 to £50 million. The benefits of bridging finance for commercial properties A commercial bridging loan can be used for a variety of purposes, making it a versatile funding solution for businesses. It can be used to finance the acquisition of a new commercial property, providing the necessary capital to secure opportunities quickly. For businesses looking to enhance or modernise their existing properties, a bridging loan can fund refurbishments and improvements, helping to increase the value and usability of the asset.KSEYE’s commercial bridging loans can be used to finance a wide range of property types, including:Offices: From small business units to large corporate headquartersRetail units: Shops, restaurants, pubs/bars and other retail spacesIndustrial units: Warehouses, factories, and other distribution centres How KSEYE's commercial bridging products can help your clients KSEYE’s commercial bridging loans provide short-term funding solutions and enable clients take advantage of investment opportunities throughout England & Wales.Our Bespoke commercial bridging is tailored to a client’s unique circumstances and can provide loans of up to £50m.Our Commercial-Lite bridging is commercial deals without complexity in select areas of England & Wales, with a maximum loan amount of £1.5m.While commercial bridging loans come at a higher rate than residential bridging loans, the profits available from commercial assets can make them a valuable acquisition, whether a business owner is purchasing the property they trade from, or an investor is looking to let the property out on a long-term contract. Why choose KSEYE for a commercial bridging loan? Fast and flexible: We offer quick decisions and rapid access to funds, meeting any deadline your client has.Bespoke solutions: We tailor our loans to meet your clients’ specific needs and circumstances.A client-led approach: Our experienced team will keep you up to date at every step of the way, and work with you to deliver excellent service to your client.Proven track record: We have a strong track record of providing funding for a variety of commercial property investments. Work with KSEYE If your clients need a reliable and experienced lender for your commercial bridging loan needs, KSEYE is here to assist. We provide a fast, flexible, and tailored approach for each case.To start working with KSEYE, contact your BDM, register as a KSEYE broker, or submit an enquiry today.

Are you looking at a large property investment? Whether it is a large single asset or an extensive portfolio, financing high-value investments can feel insurmountable. But there is a solution – the large bridging loan.A large bridging loan is a powerful option that can provide the financial support to make an ideal investment property a reality. Whether an investor is looking to purchase a high-value asset or acquire and renovate a portfolio of properties, a large bridging loan can provide the funds they need quickly and efficiently.With KSEYE’s experience in large bridging loans, we offer loans of up to £50m to fund substantial investments and help investors take advantage of opportunities that may have otherwise been out of reach. How a large bridging loan can help your property investments Large bridging loans can serve as a vital resource for individuals and businesses alike for significant property investments. As with any bridging loan, it is a form of short-term financing, enabling investors to act quickly on any time-sensitive opportunities. By providing the necessary capital promptly, these loans empower investors to capitalise on time-sensitive opportunities and act decisively in a competitive market.Flexibility is a key aspect that makes large bridging loans appealing. Unlike mainstream finance options, which often have stringent requirements and lengthy approval processes, bridging loans can be more accessible and adaptable to an investor’s unique financial situation. While bridging loans can be secured against an asset being acquired, they can also leverage equity in existing assets to secure the funding needed for a high-value property investment.A large bridging loan can also provide the finances for renovation and refurbishment projects. If a high-value property requires significant work before it can be rented or sold, a large bridging loan can be an ideal solution to providing the funds to make those necessary improvements. This strategic investment can result in a higher property value or rental income, bringing a potentially substantial return on investment. The benefits of a large bridging loan One of the most significant advantages of a large bridging loan is the speed at which funds are available. Financing can be secured within weeks, sometimes even days. This rapid turnaround is particularly beneficial in dynamic property markets where timing is crucial. By having access to quick funding, investors can look to acquire properties they may otherwise miss out on, where opportunities may have a tight deadline.Another benefit is the ability to cater to various financial needs and circumstances. Large bridging loans can meet various needs, including purchasing residential or commercial properties, funding renovations, and consolidating debts. This versatility makes them an attractive option for seasoned investors with specific financial goals. With large bridging loans from KSEYE being available at competitive rates, investors can borrow substantial amounts for the right opportunity.Large bridging loans can provide a pathway to future financing opportunities. A bridging loan is a secured loan, and successfully repaying the loan can help to enhance a borrower’s credit history, which will help when borrowing from mainstream lenders. Common misconceptions about large bridging loans There are some misconceptions about large bridging loans that can hold property investors back from considering this financing option.The first is that large bridging loans are prohibitively expensive due to high interest rates. While it is true that any bridging loan typically comes with higher interest rates compared to mainstream finance options, they offer speed and flexibility that mainstream finance cannot. Furthermore, many borrowers find that bridging loans offer opportunities to realise returns on investments that may not otherwise have been available, with high-value assets offering the potential for higher returns. When used strategically, a large bridging loan can enable investors to take advantage of opportunities that may lead to significant profits, making it a worthwhile investment.There is also a belief that large bridging loans are only suitable for highly experienced investors. In reality, they can benefit a diverse range of borrowers looking to expand their property portfolios. With research, planning, and the right property, many investors can utilise the benefits of a large bridging loan. Embrace opportunities with a large bridging loan A large bridging loan can be a transformative financial tool that empowers individuals to realise their property investment aspirations. With the ability to access significant funds quickly, these loans can open doors to opportunities that may otherwise be unattainable. Whether you are looking to purchase a high-value asset or acquire and renovate a portfolio of properties, a large bridging loan can provide the capital you need.Given the potential size of the loans available, it is essential to approach a large bridging loan with careful consideration and preparation. While every investment carries risks, knowing when to utilise large bridging loans and thinking through your loan repayment strategy can mitigate these risks and harness the potential of this powerful financial tool.As you consider your options, keep in mind that the right financing can pave the way for profitable property investments. Large bridging loans can provide the support needed to take advantage of high-value assets.To begin the process of applying for a large bridging loan, as a first step contact our team to discuss your property finance needs.

Bridging loans are short-term loans designed for those properties or borrowers that wouldn’t be able to obtain longer-term finance. They can provide a powerful option for property investors who want to take advantage of opportunities that they would otherwise miss due to tight deadlines.This guide explores the basics of bridging loans, giving you the key information about this specialised form of property finance. It will also discuss opportunities that bridging loans can enable you to take advantage of, helping you make informed decisions about this specialised form of finance. What are bridging loans? Bridging loans are short-term financing solutions secured against property, designed to provide capital to borrowers who require quick access to funds. They are highly suitable when time is of the essence, such as capitalising on opportunities with tight deadlines or purchasing property via auction. Essentially, bridging loans give borrowers an option of financing that meets the need for immediate capital when longer-term loans may not be available in time.Alongside speed, a bridging loan’s other main defining characteristic is flexibility. While they are often used for property acquisitions, bridging loans can also be used to raise capital, exit a development loan, fund property refurbishments, and more.However, the benefits of bridging loans tend to come with higher interest rates than mainstream loans. This higher interest is due to their short-term nature, the speed at which loans progress and the increased risk lenders take on by offering bridging loans. They are not intended to be a long-term financing solution but rather a tactical tool, either for those who need immediate capital to take advantage of opportunities or who cannot obtain long-term finance due to their circumstances or a property’s condition. How do bridging loans work? Bridging loans are relatively straightforward, although they require careful consideration of various factors. When a borrower applies for a bridging loan, KSEYE will evaluate the security property(s) (which can include the asset being acquired), the borrower’s financial situation, and the proposed way of repaying the loan, such as a refinancing onto a longer-term loan or the sale of an asset.Following this initial evaluation, KSEYE will issue a set of terms, offering an indicative interest rate and the % of the property value we will lend (known as Loan to Value, or LTV). If a borrower proceeds to a full application, we will instruct a valuation on the property, and if this comes back as expected, there are only the legal steps to go until the loan is complete and we provide the desired funds.The repayment structure of bridging loans is usually set for a short duration, typically ranging between 3 and 12 months. Borrowers have to repay the full amount of the loan, including interest, by the end of the term. Having a solid plan to repay the loan is vital and forms a key part of a bridging loan application. Advantages of bridging loans Bridging loans offer several advantages that make them an attractive financing option. One of the most significant benefits is the speed of funding. Mainstream lenders may take months to approve a loan. By contrast, bridging loans provide funds much faster, even within days, in exceptional circumstances. This speed allows borrowers to act quickly on investment opportunities with strict deadlines, which they would otherwise miss out on.Another advantage is the flexibility of bridging loans. Versatility can be a game-changer for those navigating complex financial situations, such as having adverse credit issues which would prevent them from obtaining mainstream finance. This flexibility can also extend to the property itself. For example, an investor might use a bridging loan to purchase a dilapidated property in a desirable location and renovate it before either selling it for a profit or refinancing it with a buy-to-let mortgage.Bridging loans can also be structured to fit a borrower’s specific needs. With varying repayment terms and interest options, borrowers can choose a repayment option that aligns with their financial strategy. This can enhance the overall financial management of a property investment or other projects, giving borrowers greater control. By understanding these advantages, potential borrowers can better assess how bridging loans might fit into their broader financial plans.To learn more about bridging loans, discuss them with your property broker or contact KSEYE today.

KSEYE’s residential bridging loans can help your clients unlock the potential of property investments. To meet a diverse range of client needs, we have two major residential bridging loan products – our fully-featured Bespoke bridging and our Resi-Lite bridging, which is designed for straightforward loans with little to no complexity involved. The benefits of bridging finance for residential properties Between our Bespoke and Resi-Lite residential bridging product options, KSEYE offers versatile and efficient solutions to the clients of property brokers who are looking to capitalise on time-sensitive opportunities.Whether they are looking to capitalise on a property investment available at auction, exit a development loan, or acquire and refurbish a property to sell at a profit, our residential bridging loans can provide the necessary funds quickly.By taking advantage of a residential bridging loan, clients can move swiftly on lucrative deals, acquire properties that would not be eligible for mainstream finance, and even resolve short-term cash flow issues. This type of financing can be crucial in competitive markets, allowing clients to take advantage of property investments they may otherwise miss out on. How KSEYE's residential bridging products can help your clients KSEYE’s residential bridging product range is designed with flexibility and speed in mind.Our Bespoke residential bridging offers a tailored approach to every client’s unique circumstances, ensuring that the loan structure fits perfectly with the investment strategy.Our Resi-Lite bridging has slightly more rigid criteria and provides a lower-rate option for those loans that are less complex. It is available for properties in London, the Home Counties and major UK cities, and can accommodate properties that need non-structural refurbishment.Between these two products, we offer competitive rates and terms that cater to a wide range of residential property needs, from straightforward purchases to complex renovation projects.Additionally, KSEYE prides itself on a swift and straightforward application process, often providing decisions within hours and funds within days. Our commitment to transparency and customer service means that property brokers and their clients are kept up to date at every step of the process, from enquiry to completion. Applying for a residential bridging loan from KSEYE Applying for KSEYE’s residential bridging products is a streamlined and efficient process. First, property brokers should gather essential details about the client’s property and financial situation. Following this, you can submit an enquiry either through KSEYE’s website or by getting in contact with your BDM.Once the enquiry is submitted, our underwriting team will review the information and provide indicative terms within hours. If the client wants to proceed, they will complete a full application form, pay a commitment fee, and we will instruct a valuation on their security property.After the legal stages are complete and any outstanding underwriting points are resolved, the loan is ready to be finalised, and funds will be released to your client – typically within 24 hours.This user-friendly process ensures your clients can access the necessary financing quickly and with minimal hassle. Work with KSEYE If you have clients who bring cases you know need a residential bridging loan, we would love to work with you to meet their funding needs. To start working with KSEYE, contact your BDM, register as a KSEYE broker or submit an enquiry today.

If you are looking for a fast, flexible funding solution for your property or investment needs, bridging finance might be the answer. At KSEYE, we specialise in bridging loans to meet a wide range of borrower needs, from the tailored and bespoke through to the straightforward. Whether you use a broker or apply directly, this step-by-step guide will take you through the process of obtaining bridging finance with us. Understanding Bridging Finance Bridging loans provide an option to borrow money for a short amount of time secured against a property. They are most commonly used when more mainstream kinds of finance aren’t available – typically either due to the timescale in which funds are needed, or the condition of the property.  Bridging finance can be used to meet a range of needs, including:Property purchaseCapital raisingFunding refurbishment or renovationDeveloper exitsProviding funding by tight deadlinesKSEYE’s loans range from £150,000 to £50 million, with terms from 3 to 15 months. Step 1: Submit an enquiry Before applying for a bridging loan, identify your funding requirements, and be prepared to provide information about your desired loan during the initial enquiry stage. This information includes:Loan Purpose: Are you purchasing, renovating, capital raising or refinancing?Loan Size: How much do you need to borrow?Details of security property(s)Exit Strategy: How will you repay the loan (e.g., property sale or refinancing)?Our underwriters will assess your enquiry, and issue indicative terms within hours, which will not change unless additional information that might impact the rate we offer comes to light later in the process. If you want to proceed, we will ask you to submit a full loan application. Step 2: Submit a full application The full application will ask for information including your ID, proof of address, and details of assets & liabilities, and that you pay a £600 commitment fee.At this stage, we will obtain valuation quotes and undertake paid searches in relation to your application. Following this, we will issue an Agreement in Principle (AIP), which confirms the loan amount, LTV and rate.When you sign the AIP, we will instruct the valuation and begin the legal processes around the loan. Step 3: Legal process and release of funds Our solicitors and your solicitors will handle the legal paperwork. The process typically includes:Property checksLoan agreement finalisationOnce the legal process is completed and the loan is finalised, funds are released swiftly, often within 24 hours. Ready to get started? Browse our product pages to learn more about the bridging loans that we offer, contact us with any questions you might have, or submit an enquiry to start your loan application process.Our team are here to guide you every step of the way if you are unsure about any of the specific steps involved in securing a bridging loan from KSEYE.

Property auctions can provide an ideal opportunity for investors to acquire assets below their market value, but the tight timescales involved mean that funding can be an issue.Where the funding for an auction purchase is required within 28 days, bridging loans offer the ideal solution to provide funding in time for any deadline.Auction bridging finance at KSEYE can go even further, as we can pre-agree auction finance. This means we can offer indicative terms before the auction takes place, to allow you/your clients to enter an auction knowing that the first steps of obtaining finance are already underway.So how do our pre-agreed auction bridging loans work? The step-by-step guide below tells you everything you need to know. Identify the property Before any property auction, the catalogue will contain information about each lot. Assessing the details of the properties in terms of how worthwhile they are as an investment – either to form part of a property portfolio or to refurbish and sell – is the first step in the process. Send the details to KSEYE After you identify the property you/your client hopes to acquire, share the property details with us. Our underwriting team will look at the property and ask any necessary initial questions. We will give an indicative rate & LTV After our underwriters have finished their initial assessment, they will send a set of indicative terms. This is the rate and LTV which we will lend at unless something materially changes. Bid with confidence With the indicative terms, you/your client can bid with confidence, safe in the knowledge that the process of obtaining finance to meet the auction deadline is underway. Win the auction, and proceed with the loan With indicative terms already being issued, all you/your client need to do is complete a loan application form to proceed with KSEYE. Our team act urgently when we know there is a strict deadline that funds are needed by, and we’ll keep you updated every step of the way. To learn more about KSEYE’s auction finance, visit our dedicated product page, or to discuss a pre-agreed auction bridging loan, contact us today.

Purchasing properties at auctions is an enticing way to secure deals for property investors in the UK. In January 2024, property auctions saw a 45% increase in the number of lots offered when compared to January 2023. This means an increase in the number of options available to property investors.However, winning a property auction also comes with a tight payment deadline. Once an auction is completed and the property is won, the successful bidder only has a short timeframe – typically 28 days – to complete the purchase by paying the remaining balance. This is where a bridging loan for financing an auction purchase is incredibly beneficial, and KSEYE specialise in this kind of loan. What is bridging auction finance? Bridging loans are short-term loans designed to help buyers secure funds quickly, making them ideal to meet the payment deadline for auction purchases. Properties at auctions range are diverse, including residential, commercial, and mixed-use assets. They are an increasingly popular way to acquire property, with properties on average selling between 85% to 90% of their market value at auctions, giving savvy investors an opportunity to acquire properties at lower prices. Why choose a KSEYE bridging loan to fund your auction purchase? At KSEYE, we understand the pressures of obtaining finance for auction purchases and have 12 years of experience in helping a diverse range of borrowers, including assisting many investors to fund their property auction purchases.Here’s how:A track-record of meeting funding deadlinesWe specialise in meeting tight deadlines, which is ideal for borrowers looking for a bridging loan to complete their auction purchase. Our streamlined processes start with indicative terms in a matter of hours, and we can deliver funds in a matter of days when it is needed.Pre-agreed auction finance to bid with confidenceAs we know the time-pressure that investors can feel to secure funding after winning a lot at auction, we can start the funding process ahead of the bidding. Our pre-agreed auction finance bridging loans enabling buyers to secure indicative loan terms in advance, ensuring buyers can bid confidently, knowing the process of obtaining finance is underway.An expert in-house legal teamOur in-house legal team is something which many lenders do not have. They enable us to deal with any complexities in a bridging loan quickly, speeding up the loan process as we don’t need to rely on external support. They also work closely with our panel of solicitors to keep the legal process moving along quickly, which is essential for any bridging loan with a deadline. Ready to bid confidently? When it comes to auction finance, speed, expertise and reliability are non-negotiable. KSEYE deliver all three, giving you full confidence to bid and secure your next property investment.To learn more about KSEYE’s approach to auction finance, visit our dedicated product page, or to discuss a pre-agreed auction bridging loan, contact us today.

July was a busy month here at KSEYE. From a wonderful summer party to landmark deals and notable product updates, a lot happened! You can find everything you need to know in the recap below.At the start of the month, we held our Spanish Summer Fiesta at Aqua Nuevo. The night included a specially curated menu, ranging from patatas bravas to chicken bomba rice, with sangria served on arrival and a range of classic cocktails. However, it was the guests who joined us who made the party as fun as it was! You can find a collection of photos from the event below.In mid-July, we completed a notable £14.25m development exit bridging loan at 75% LTV, taking our cumulative lending close to £800m.This loan was followed by the announcement that we have doubled our maximum loan size to £50m, in response to an increased appetite for large loans in the first half of the year, both in enquiries received and loans we have funded.