Auction Purchase with 11 Days to Complete

At Cornerstone Commercial Finance, we’re often brought in when time is short, circumstances are complex, and the stakes are high. This recent success story demonstrates exactly how we deliver results – quickly, effectively, and with a personal touch.

Loan: £290,000 net bridging loan

A client approached us two weeks after successfully winning a property at auction. With a standard 28-day auction completion period, that left just 14 days to get the deal over the line including weekends.

Complicating matters further, the loan size exceeded the threshold for a standard automated valuation at 75% net LTV. Normally, this would have required a full valuation, potentially delaying the process. However, thanks to our longstanding relationship and the strength of the case, we were able to secure an exception to proceed without delay.

From application to completion, we turned the deal around in just 11 days, beating the auction deadline by one working day.

The client was thrilled with the result and has already returned to arrange the refinance once their refurbishment works are complete.