Bridging Loan for Auction Purchase in Manchester
Overview
A property investor successfully bid on a mixed-use property in Manchester at auction. They required fast bridging finance to meet the 28-day completion deadline.
Key Loan Terms
Loan Amount:
£980,000
Loan-to-Value (LTV):
68%
Term:
9 months
Security:
Mixed-Use Property, Manchester
Purpose:
Auction Purchase
Completion Time:
Within 3 weeks
The Outcome
London Credit facilitated the loan within the tight auction timescale, ensuring a smooth purchase and allowing the borrower to refurbish and add value to the property.
Client Testimonial
"Thanks to London Credit, we secured the property on time without any stress."
