You may wish to purchase a property at auction and do not have adequate funds for the deposit or,
if it is a refurbishment project that may require additional funds for renovating the property.
A bridging loan can help by placing a first charge on the auction property or by using an existing property as security to provide 100% financing.
Once you have bought the property, a bridging loan can be redeemed through a traditional remortgage.
A loan can be arranged quickly and within auction house, deadlines to ensure you do not miss the perfect investment opportunity.