Bridging Loans with Precise Mortgages: Tailored Solutions with Auction Finance Support

Bridging Loans with Precise Mortgages: Tailored Solutions with Auction Finance Support
When time-sensitive property opportunities arise, bridging loans offer the financial flexibility to act decisively. Whether you’re aiming to purchase a property at auction, fund necessary refurbishments, or bridge a property chain, Precise Mortgages provides tailored short-term finance to meet your needs.

At Auction Finance, we specialise in simplifying the process of securing bridging loans from Precise Mortgages, ensuring a seamless experience from your initial enquiry to the release of funds. With expert guidance, competitive rates, and flexible terms, we’re here to help you make the most of your property investments.

Why Choose Precise Mortgages with Auction Finance?

Precise Mortgages is a renowned lender in the UK, known for its innovative and flexible approach to bridging loans. By partnering with Auction Finance, you unlock additional benefits:
  • Time Savings: We manage the entire application process, saving you valuable time.
  • Improved Approval Chances: Our expertise ensures your application meets Precise Mortgages’ criteria, increasing your chances of success.

Expert Guidance: Receive personalised advice tailored to your specific property project.

Key Features of Precise Mortgages Bridging Loans

1. Loan Amounts

Bridging loans are available starting from £25,001, making them ideal for both small and medium-scale property projects.

2. Loan Terms

Up to 12 months for regulated loans. Up to 18 months for non-regulated loans.

3. Loan-to-Value (LTV)

Borrow up to 75% of the property’s value, maximising your borrowing capacity.

4. Competitive Interest Rates

With rates beginning at 0.49% per month, Precise Mortgages offers cost-effective solutions for short-term financing

5. Property Types Supported

Residential Properties: Ideal for buy-to-let investments, owner-occupied homes, or refurbishment projects.

6. Flexible Payment Options

Serviced Interest: Reduce costs by making monthly interest payments. Rolled Interest: Optimise cash flow by deferring interest payments until the loan term ends.

How Auction Finance Simplifies Your Bridging Loan Application

Step 1: Initial Consultation

We take the time to understand your property finance needs, ensuring a Precise Mortgages bridging loan aligns with your objectives.

Step 2: Preparing Your Application

Our team ensures your application is complete, including:

  • Property Details: Type, location, and valuation.
  • Financial Information: Proof of deposit and income.
  • Exit Strategy: A clear repayment plan, such as refinancing or selling the property.

Step 3: Submission and Liaison

We handle the submission, communicating directly with Precise Mortgages to facilitate a smooth approval process.

Step 4: Valuation and Legal Process

  • Valuation: Precise Mortgages arranges a professional valuation to confirm the property’s market value.
  • Legal Work: We coordinate with solicitors to finalise the loan agreement.

Step 5: Approval and Funding

Once approved, funds are typically released quickly—often within days—ensuring you can act without delay.

Example Scenarios for Precise Mortgages Bridging Loans

1. Auction Property Purchase

Scenario: A property investor wins a property at auction and requires £200,000 to complete the purchase within 28 days.
Solution: Auction Finance secures a bridging loan with Precise Mortgages, meeting the tight deadline with ease.

2. Renovation Project

Scenario: A landlord plans to convert a property into an HMO to boost rental yields.
Solution: We arrange a 12-month bridging loan, enabling the landlord to complete the renovations before refinancing onto a buy-to-let mortgag

3. Bridging a Property Chain

Scenario: A buyer wants to secure a new property while waiting for their current home to sell.
Solution: Auction Finance arranges a bridging loan, allowing the buyer to purchase the new property and repay the loan after selling the existing home.

Common Mistakes to Avoid When Setting Up an SPV

Specialist Expertise:

Our in-depth knowledge of bridging finance ensures your application aligns perfectly with Precise Mortgages’ requirements.

Tailored Guidance:

We offer bespoke advice, structuring loans to fit the unique needs of your project.

Transparent Process:

Our team maintains open communication at every stage, ensuring you’re informed and confident throughout.

Faster Approvals:

Our strong partnership with Precise Mortgages streamlines the approval process, giving you access to funds quickly.

Bridging loans can unlock valuable property opportunities, and Precise Mortgages, coupled with Auction Finance, provides the support you need to succeed. Whether it’s securing auction properties, funding refurbishments, or bridging property chains, we’re here to help.

FAQs

Q 1. What types of properties does Precise Mortgages finance?
Ans: Precise Mortgages supports residential properties, including buy-to-let and refurbishment projects.
Ans: Funds are typically released within days of approval, ensuring timely access to capital.
Ans: An exit strategy is your repayment plan, such as refinancing or selling the property.
Ans: Yes, Precise Mortgages allows early repayment without penalties, helping you save on interest costs.
Ans: Fees for valuation, arrangement, and legal services apply. Auction Finance provides a detailed breakdown during the application process.

Ready to secure your auction success?

Get in touch today and turn your bids into wins!

Start Your Application Now