At Auction Finance, we make the process of securing a Lendco bridging loan simple and seamless, offering expert guidance from start to finish.
Why Choose Lendco with Auction Finance?
1. Loan Amounts
From £100,000 upwards, catering to small and large-scale property projects.
2. Loan Terms
Flexible terms ranging from 2 to 36 months, giving you ample time to complete your project or secure long-term financing.
3. Loan-to-Value (LTV)
Maximum 75% LTV, enabling you to leverage your property’s value effectively.
4. Competitive Interest Rates
Lendco offers competitive rates, reflecting the short-term nature of bridging finance.
5. Property Types Supported
Residential Properties: Ideal for buy-to-let, owner-occupied, and refurbishment projects.
Commercial and Mixed-Use Properties: Suitable for offices, retail spaces, and multi-purpose developments.
6. Flexible Payment Options
Serviced Interest: Pay monthly to manage costs effectively.
Rolled Interest: Pay at the end of the term to optimise cash flow.
How Auction Finance Supports Your Bridging Loan Application
Step 1: Initial Consultation
We assess your property finance needs and determine whether Lendco’s bridging loans are the right fit for your goals.
Step 2: Preparing Your Application
Our team ensures all required documents are complete and aligned with Lendco’s criteria, including:
Step 3: Submission and Liaison
We handle the submission to Lendco and maintain communication throughout the process, ensuring a smooth experience.
Step 4: Valuation and Legal Process
Step 5: Approval and Funding
Once approved, funds are typically released within days, enabling you to proceed with your project without delays.
Example Scenarios for Using Lendco Bridging Loans
1. Auction Property Purchase
Scenario: A property investor wins a property at auction and needs £400,000 to complete the purchase within 28 days.
Solution: Auction Finance works with Lendco to secure a bridging loan quickly, ensuring the investor meets the deadline.
2. Refurbishment Project
Scenario: A landlord plans to convert a property into an HMO to increase rental yields.
Solution: Auction Finance secures a 12-month bridging loan with Lendco, allowing the landlord to complete renovations and refinance onto a long-term buy-to-let mortgage.
3. Bridging a Property Sale
Scenario: A homeowner is purchasing a new property but waiting for their current home to sell.
Solution: Auction Finance helps arrange a bridging loan with Lendco, covering the purchase until the existing property is sold.
Why Choose Auction Finance?
Our in-depth understanding of bridging finance ensures your application meets Lendco’s requirements.
- Tailored Advice: We provide personalised guidance on structuring your loan to meet your specific project needs.
- Transparent Process: We keep you informed at every stage, ensuring clarity and efficiency.
- Faster Approvals: Our close partnership with Lendco facilitates quicker decision-making and funding.
FAQs
Ans: Yes, Lendco allows early repayment without penalties, helping you save on interest costs.
