Residential bridging for auction purchase of 2 properties

Client circumstances

A trusted broker introduced a client who was looking for funding for two residential properties in Milton Keynes that they had acquired at auction. The two properties were both previously converted into a combined 9 self-contained flats.

With a combined value of £600,000, the broker was aware that bridging finance would be the most appropriate route to secure funding for their client, and they were aware of KSEYE’s reputation as a trusted lender in meeting the tight deadlines associated with property auctions.

Our solution

With over 12 years of experience in bridging finance, we have
well-developed processes to meet deadlines for auction purchases,
and so acted quickly and efficiently, beginning with issuing terms within
hours. When the client decided to go ahead with KSEYE, we instructed valuations of both properties with no delay.

As the client was an experienced property investor, they knew what was required throughout the enquiry and application process, which helped the process to proceed smoothly.

Visit our auction bridging loans product page to learn more about how your clients can benefit from our approach. 

Loan Amount

£476,000

Property Value

£680,000

LTV

70%

Rate

0.89% pm

Rates reflect products at the time the loan was completed