Bridging finance for auction purchases

Bridging Finance for Auction Purchases Bridging Finance for Auction Purchases is short-term finance used to bridge the gap until long-term finance is secured or the asset is sold. Bridging can be used for many different circumstances, such as refurbishments, developments, breaks in the chain or to secure an asset quickly.  Our client purchased a property […]

Bridging Finance for Auction Purchases

Bridging finance for auction purchases Our client purchased a property at auction that needed a bridging loan to pay for it. As bridging finance is quicker to arrange than a traditional mortgage, it meant the client could meet the completion timescale given by the auction house, thus avoiding any auction penalty fees. GO Financial Services […]