Case Study: Bridging Finance Introduction for Auction Purchase

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The Situation

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A professional contact introduced clients who had recently secured their first investment property at auction. With contracts exchanged and a strict completion deadline in place, the clients required access to short-term funding within a limited timeframe to proceed with the purchase.

 

The Challenge

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Due to the timescales involved, traditional lending routes were unlikely to meet the required completion deadline, placing the transaction and initial deposit at potential risk.

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Our Approach

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Through our network of specialist finance professionals and third-party providers, Bugle Finance facilitated an introduction relating to a bridging finance enquiry suitable for the transaction requirements. The funding solution enabled the clients to complete the purchase within the required timeframe while supporting their wider investment strategy.

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Funding Overview

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• Funding Amount: £600,000

• Completion Timeframe: 5 Working Days

• Security: First Charge Against the Property

• Proposed Exit Strategy: Refinance Following Refurbishment

 

The Outcome

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The clients successfully completed the purchase within the required timescale, allowing the investment project to proceed without disruption. The short-term funding solution provided the flexibility and speed required to support the transaction during a time-sensitive period.

 

Client Feedback

 

“We were under significant time pressure following the auction purchase and required a funding solution quickly. Bugle Finance was professional, responsive and supportive throughout the process, helping connect us with the right specialists to complete the transaction within the deadline.”
— Graham & Sylvia Barnes, Property Investors, London