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HMO Bridging
Auction Purchase Bridging Finance Success
Secured bridging finance for an auction purchase of a Birmingham HMO with 7-day completion.
Key metrics
- Loan amount
- £240,000
- Interest rate
- 0.65% monthly
- Time to complete
- 7 days
- Bedrooms
- 5
- LTV
- 75%
- Location
- Birmingham
The Challenge
Rachel won an auction property requiring completion within 28 days. Traditional mortgages couldn't complete in time, requiring bridging finance.
Our Solution
We arranged bridging finance within 7 days of the auction, with a clear exit strategy to long-term HMO mortgage once the property was tenanted.
Testimonial
“Without bridging finance, we'd have lost the auction purchase. The speed of completion was incredible and the exit to long-term finance worked perfectly.”
Free initial review
Speak to an HMO specialist
30+ specialist lenders compared. Open 8am to 8pm, Monday to Saturday.
4.9/5on Google
Call 0203 970 4113