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Corporate Building

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Corporate Building

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When purchasing a property at auction, there are several risks. One of those risks is not being able to fund the purchase in full before the deadline.

Once the hammer falls, you are legally required to pay a 10% deposit, which you can then lose if you are unable to complete within 28 days. This could be because a mortgage has been declined, or you are waiting for the sale of another property to complete.

This case study demonstrates how bridging finance can save a potential loss of a deposit when obstacles occur and can bridge the gap between the winning bid and completion.

The Client: 

The client was a property owner, looking to sell their current home and buy a new property to move into.

The situation:

On the 5th of February, our client put in a winning bid for a property that was up for sale through an auction. The property was £525k, and they paid the deposit required on the day of the sale. They still needed the rest of the balance to be paid within 28 days, and the sale of their current property for £625k was still going through but would not complete in time to meet the auction deadline.

They still needed to raise £240k, with the rest of the balance being funded by the family.

Our solution:

Our client was up against the clock, they were not going to meet the auction deadline and were under intense pressure to pay off the remaining balance for the property they had bid for at auction. We acted extremely quickly and found a lender who we knew would be able to keep up with our pace and who would be happy to proceed with the bridging loan.

With all bridging loans, you need a strong exit strategy, and the client was able to use the mortgage they had been approved for as their exit. There was no valuation needed as we were able to get the mortgage agreed upon using a desktop valuation. This sped the process up considerably.


By coming to Aria Finance our clients benefited from a wealth of knowledge that comes from our expert brokers, but also a range of lenders on the panel that can act fast. When a client needs a bridging loan, it is usually because there is a need for speed. We work fast to get our clients the fund they need when they need it.


The client first contacted us on the 25th of February needing our help, and they were able to complete the purchase of their new property on the 8th of March – only 7 working days.

This took the pressure off and eased the client’s financial stress, whilst the sale of their existing property continued, allowing them to celebrate the purchase of their new home without worry.

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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