Property Auction Finance
Start Building Your Property Portfolio TODAY
- Residential and commercial auction property
- Lowest possible market rates
- 28 day auction deadline guarantee
- Price match or better guarantee
- First and second charge loans
- Pre-approval
Speak to an Auction Finance expert
Get the auction finance you need and want and take advantage of your next opportunity when it arises.
Speak to an Auction Finance expert today
Speak to an Auction Finance expert
Get the auction finance you need and want and take advantage of your next opportunity when it arises.
Meet our Directors
Joe Eden Director
Chris Britto Director
BRIDGEMORE CAPITAL
Free Property Auction Finance Guide
What You'll Learn:
- What is bridging finance?
- Bridging and how you can use it to your advantage
- The BRRR method and bridging finance
- Recycling your cash for faster growth
- Leveraging increased property value
- Refinance and equity release
- Frequently asked questions
- Is a bridging loan expensive?
- How much can I borrow?
- What are the rules around affordability?
- What if the investor has adverse credit?
- What is the difference between retained, rolled, and serviced?
Bridgemore Capital
Speak to an Auction Finance expert today
Get the auction finance you need and want and take advantage of your next opportunity when it arises.
Why choose Bridgemore Capital
We offer speed, transparency, and reliability.
- No early exit fee options available
- Easily borrow from £50k - £50m
- We work to your 28-day completion deadline
- Compare deals from across the market
Unlock your purchasing power with auction finance - fast, flexible, and tailored to help you seize opportunities the moment they appear, giving you the competitive edge you need.
Don’t let financing delays stand between you and auction success. Competitive auction finance speeds up the lending process so you can hit your 28-day timescale, without the hassle and stress with other forms of finance.
Better yet, borrowing amounts don’t hinge on your own personal earnings or rental income potential either, so you typically won’t need a business plan nor cashflow forecasts to apply. This is why auction finance is often the easiest and quickest way to fund auction purchases, especially where the property is in need of heavy work or light renovation before letting or sale.
We’re dedicated bridging loan specialists with a commitment and devotion to your cause. We have the expertise, speed of service and flexibility you need to find suitable funding solutions from across the market.
Not only that, it’s our job to negotiate hard on your behalf and showcase the merits of your situation to drive down the costs to the lowest level we can. Call us today, pre or post auction, for a no-nonsense conversation and quick quote.
Why Bridgemore Capital - Bridging loan specialists
- Suitable funding solutions from across the market
- Hit your 28-day timescale
- Borrowing amounts don’t hinge on your own personal earnings or rental income potential
- Expertise, speed of service and flexibility
- Drive down the costs to the lowest level
- Quick FREE quote
BRIDGEMORE CAPITAL
What our clients say
Brilliant service
Chris Britto has been absolutely brilliant to work with. Quick to respond and always looking for a solution if any issue arises. 100% recommend.
Jo & Joe: The Ultimate Tag Team
Jo Jones and Joe Eden have been fantastic. Their knowledge is priceless, and they were professional, responsive, and incredibly helpful throughout the entire process. Highly recommend using Bridgmore Capital
Highly recommend using Bridgmore capital. We are a local developer that uses bridging to fund our deals. We got recommended to speak with Joe & Chris to assist us as we was struggling to get quick answers/offers to avoid losing the deal. They went over and above to make things happen. I can’t recommend them enough and have already recommended Bridgemore to our close network. We have been in the construction industry for 10 years
There was lots of issues we encountered and even when we needed to additional funds due to unforeseen circumstances they helped us achieve this within 7 days and saved us a lot of stress and worry. Super professional helpful and very very knowledgeable. Great service provided by Joe and Chris. Wouldn’t ever use anyone else now.
It’s a ‘YES’ from us!
Communication was refreshing, with Chris keeping us informed every step of the process. I have since recommended Bridgemore to our close network, friends and family. Great customer service & “does what he says he’ll do”
Great customer service & “does what he says he’ll do”. I dealt with with Chris Britto. we even spoke at like 10pm just to tie in a deal & prep for the next day 😊 as an intermediate property investor myself I don’t want but “need” professionals like Chris on my power team.
Frequently Asked Questions
A: The interest rate on a bridging loan can start from around 0.55%.
Several factors will influence the exact rate, including:
– Loan-to-Value (LTV) ratio
– Lender’s policies
– Borrower’s financial profile
– Nature of the project
– Type of property
A: The amount you can borrow largely depends on the specific opportunity you are pursuing.
Here are some general guidelines:
Light Refurbishment Projects: Typically, you can borrow up to 75% of the purchase price. Some lenders might offer contributions towards refurbishment costs, potentially increasing the borrowing amount to 85%.
Heavy Refurbishment Projects: It is possible to borrow 70-75% of the purchase price and receive 100% funding for the refurbishment works.
Higher Contribution Options:
Some lenders may lend 70-75% of the market value, which can be advantageous if the purchase price is below market value.
You can use other property assets as additional security. If you have equity in another property, you might be able to secure additional funds up to 70% of the property’s value. For example, if a property is worth £100,000 with an existing debt of £60,000 (60% LTV), you may add another £10,000 using this asset.
A: Bridging lenders generally focus less on your income compared to traditional mortgage lenders. The primary concern for a bridging lender is your exit strategy, which could be through selling the property or refinancing onto a longer-term product. Your income may be considered if you choose to service the loan by paying monthly interest.
A: During the application process, both the lender and borrower will assess the exit strategy and ensure the loan term includes contingency time. If the project runs over and you approach the end of the term, it is crucial to inform your lender as soon as possible. Most lenders will work with you to support the situation, potentially extending the loan term.
A: Lending options still exist for investors with adverse credit, although each situation is unique. Some lenders are willing to consider applications from those with poor credit histories, depending on the circumstances surrounding the adverse credit.
A: Firstly, it’s crucial to understand that regardless of the option you choose, the overall cost of the loan will remain the same. Here, we break down the differences between retained, rolled, and serviced interest options in bridging loans.
Serviced Loans
Serviced loans involve paying the monthly interest of the loan until you exit. Opting to service the monthly interest requires proof of affordability. Clients must demonstrate their earnings through payslips, yearly accounts, and bank statements from the last three months.
For example:
Purchase Price (PP): £100,000
Lender Offer: 75% (£75,000)
Monthly Interest at 1% over 12 months: £750 per month (PCM)
In this scenario, you would receive £75,000 towards your purchase price, minus the arrangement fee (typically 2%).
Retained Loans
On the other hand, retained loans involve the lender deducting the total monthly interest for the entire loan term upfront. This amount is subtracted from the initial loan amount provided to you.
For example:
Purchase Price (PP): £100,000
Lender Offer: 75% (£75,000)
Monthly Interest at 1% over 12 months: £750 PCM
Total Interest Over 12 Months: £750 x 12 = £9,000
In this case, you would receive £66,000 towards your purchase price (£75,000 – £9,000), less the arrangement fee (typically 2%).
Rolled Interest
While not mentioned initially, rolled interest is another option available to borrowers. With rolled interest, the monthly interest payments are added to the principal loan amount and paid at the end of the loan term rather than being deducted upfront or paid monthly.
