Auction purchase, Cumbria
Black & White Bridging supported a returning borrower with the purchase of another auction property in Kendal, Lake District.
The client, an experienced landlord, required fast funding to secure a property at auction. Minimal renovation was planned before refinancing onto term debt to expand their growing portfolio of holiday lets.
£138k
PRoduct type:
Auction Bridging
Amount funded
12 months
property:
4-bed period Property, Kendal
exit:
Refinance
Quick funding for a returning borrower
The borrower had a property portfolio already, and has completed previous deals with Black & White Bridging. The borrower has strong local knowledge of the area. They won the period property at auction, intending to refurbish before refinancing, and therefore increasing the rental income in the process. Having completed multiple deals with B&W, with the borrower even paying one loan back early, it was straightforward to fund this loan with minimum fuss, subject to all usual due diligence and care.
Experience and trust in action
The borrower’s proven track record with us meant the process was seamless. With minimal due diligence required, the deal was approved and funded quickly, giving the borrower full confidence in meeting their purchase commitment.
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Reliable, fast, and consistent
“Thanks to Black & White Bridging for their consistent high levels of service from terms to completion. Auction purchases are challenging, but their efficiency ensured another successful outcome for our client.” — Steve Burns, Word On The Street
Reliable, fast, and consistent
“Thanks to Black & White Bridging for their consistent high levels of service from terms to completion. Auction purchases are challenging, but their efficiency ensured another successful outcome for our client.” — Steve Burns, Word On The Street
