A tailored funding solution for auction opportunity

Location:

Wales

Property Type:

Residential

Funding:

Bridging Loan, Conversion Loan

The Project

We recently worked with a direct client who spotted a great opportunity at auction — a semi-commercial property in the Swansea area, perfect for converting into a fully residential space. With the auction deadline looming, they needed a funding solution — fast.

Our Approach

We built a tailored funding solution that allowed the clients to act quickly and confidently:

  • Arranged a charge on another property in their portfolio to raise the additional funds needed for the full purchase price.
  • Covered 100% of the build costs (In arrears)
  • Coordinated closely with the solicitor and lender to meet the auction deadline with time to spare.

The Result

The purchase completed on time, and the conversion is now underway. A great example of what can be achieved with quick thinking, collaborative working, and the right funding in place.

Bridging Loans – Key Features

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  • Fast Decisions: Initial responses typically delivered within hours—perfect for time-sensitive situations like auction purchases.
  • Loan Size: £100,000 – £2.5 million.
  • Loan-to-Value (LTV): Up to 75% of the end value (Gross Development Value or market value), with flexibility available on a case-by-case basis.
  • Desktop valuations are available
  • Term: Usually up to 12 months, but occasionally longer if LTV can support it.
  • Interest Roll-Up: Interest can be “rolled up” and repaid at exit, easing cash-flow pressure during the loan term.
  • Interest Serviced: Interest can also be “serviced” allowing a larger day 1 cash drawdown (subject to serviceability).
  • Exit Strategy Required: Clear repayment strategy—such as sale or refinance—must be established at the outset.
  • Security: First legal charge on the property is required.
  • Transparent Costs: Arrangement fees typically start at 1%. No early repayment or exit fees, and no hidden admin charges.
  • Unregulated Product: these Bridging loans are not FCA-regulated, they are not available for owner-occupied residential properties.
Learn more about our Bridging Loans

Conversion Loans – Key Features

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  • Purchase or Refinance: Secure or refinance the property quickly, even before planning is finalised.
  • Staged Drawdowns for conversion: Funds are released in stages as the works are undertaken.
  • Interest Flexibility: Often structured to allow interest to be rolled up and repaid upon completion or exit.
  • Market leading LTV’s: Borrowing capacity is assessed based on current and projected post-conversion value—unlocking greater leverage.
Learn more about our Conversion Loans

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