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Case Study: Bridging finance to save auction purchase in 4 working days

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Loan type: Bridging Loan   |   Amount: £144,200   |   LTV: 65%  |   Term: 12 months

Unforeseen challenges can often disrupt even the most carefully planned transaction. Our latest case study involves a foreign national looking to secure a property purchased at auction. This case study serves as a testament to the proactive approach and extensive industry expertise of the Aria Finance team when navigating complex financial scenarios. 

The Client:

The client, a foreign national, with indefinite leave to remain in the UK, possessed an unencumbered buy-to-let property in their personal name. 

The Situation:

Having successfully bid on a property at auction intended for personal residence, the client encountered a pressing financial hurdle. Despite having a mortgage offer from a well-known high-street bank, the client required additional funds for the deposit. Complicating matters, their initial broker failed them at a critical juncture, jeopardising both the acquisition of the property and their deposit. 

Recognising the urgency of the situation, the client turned to Aria Fiannce for assistance. 

Our Solution:

With a 10-day extension granted by the auction house, swift action was imperative to secure the property. We identified a lender that was able to conduct an Automated Valuation Model (AVM) on the client's buy-to-let property (which was bing used as security), therapy circumventing the need for a conventional valuation. This streamlined process enable the lender to speed up their internal legal procedures, mitigation potential delays typically associated with a full valuation.

Benefits & Results:

Through our proactive intervention and strategic collaboration with the lender, we facilitated a rapid completion within four working days. By swiftly navigation through the challenges this case presented and using our well-established industry relationships we were able to deliver tangible results enabling the client to secure the auction purchase.

Bridging Finance to save auction purchase in 4 working days

Over 20 years of experience

Why choose Aria?

With over 20 years of experience in bridging finance and the specialist distribution industry, our expert team works on your behalf to provide access to market-leading rates with rapid loan completion as standard. We offer one point of contact from enquiry through to completion, always aiming to make the process as smooth as possible.
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