Auction Finance Bridging Loan for Residential Property

While Ravenwood always recommends “doing your homework,” some auction properties come along with prices that are just too tempting. You have to decide then and there.

At Ravenwood, we are used to raising finance very quickly and have saved numerous people from defaulting on their auction purchases. One benefit of bridging loans is that we can release the money very quickly.

Depending on the individual case, we can raise funding on the purchased property or another property in your portfolio.

Even challenging cases that may involve:

Residential properties with sitting tenants
No functional or missing kitchen and bathroom
Uninhabitable or property in deplorable condition
Complex and unconventional leasehold property
Flying freehold property
Change of use scenario property
Semi-commercial property titles
Large multi-occupancy or licenced/unlicensed HMO
Property with modifications done without building regs or planning permission
Part-completed properties or property developments where the developer has gone bust
Developments without planning permission or with rejected planning applications
Fire-damaged property

Some of the most lucrative opportunities are often the riskiest and most difficult.

Auction property finance – Bridging loans

Depending on your circumstances and time scales, it may be possible to quickly remortgage one of your existing properties to release equity. Still, Bridging loans are generally the best option for people buying property at auction.

Check out the property available at auction:

How much can I release?

You can borrow up to 65% of your property’s value. For example, if your house is valued at £ 330,000, you can borrow £ 214,500.

Poor Credit Consolidation Loans

Remortgages Over 60S

Pay Off Debt Loans Bad Credit