Bridging loan completed in 10 working days

Purchasing a property at auction can be risky. If you are unable to pay for a property at auction in full on the day, you would need to pay a deposit and then pay the rest of the funds within 28 days.

You must be certain you will be able to raise the remaining balance within 28 days or you will lose your deposit. Therefore, bridging finance is mainly used in these types of property purchases, because it is fast and can be sourced a lot quicker than a mortgage.


  • Loan value
  • LTV
  • Development value
  • Loan term
    12 months 


The client

The clients were a married couple along with two grown-up sons.

Bridging loan completed in 10 working days (1)


The family attended an auction where they put down a deposit on a semi-commercial property, which consisted of a chip shop with a flat above it. The sons were planning on running the chip shop business downstairs whilst residing in the flat above on an AST.

The urgency was a key factor in this case as the applicants needed to raise funds rapidly to meet the deadline for the final payment set by the auction which was the usual 28 days.

As the funds needed to clear within four weeks a bridging loan over the purchase and main residence was the most suitable option. The parents had independent legal advice (ILA) as they were not benefitting from the loan due to it being in their son’s names only.

The exit strategy involved the re-mortgage of a third property, which was a buy-to-let property that was owned by the parents, as well as the residential.

When working with West One, you have direct access to decision-makers and a team full of bridging experts. West One is known for its speed, and 10 days for an auction purchase is a fantastic outcome.

Our team are highly motivated to deliver consistently, and this case study demonstrates how easy and quick it was to for the client to purchase this semi-commercial property.


Due to our expertise and the speedy response by the team, the clients were able to purchase their semi-commercial property in only 10 working days.


This reduced stress for the clients as the property was purchased in good time before the auction deadline.