Auction purchase, Basildon
The borrower is purchasing a flat at auction to add to their portfolio.
Amount Funded:
£153k
PRoduct type:
Auction Bridging
Term:
12 months
property:
Leasehold flat
exit:
Refinance
The borrower is an experienced landlord who is adding the auction-purchased property to their portfolio. The property requires light and full internal refurbishment, which they'll self-fund. The property is a 4-bedroom maisonette with 1 bathroom and a garden flat in Basildon, Essex. It has private off-street parking and is close to the train station.
Borrower review:
I recently completed a bridge loan application with Black and White, and the experience was excellent from start to finish. The team was very helpful, easy to communicate with, and quick to resolve any concerns I had. Suze and Magnus, in particular, provided outstanding support throughout the process. Everything was completed in less than two weeks, which was incredibly efficient. On top of that, their interest rate was fantastic—easily among the top five best rates in the market. I highly recommend Black and White for their professionalism, speed, and competitive rates.
