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Property Auction Finance Case Study
“As a UK expat purchaser, I found myself in need of £87,000 at short notice to secure a Buy-To-Let (BTL) property bought at auction in Birmingham. With the completion of the auction finance taking place within just 12 days, Liquid Expat Mortgages proved to be the ideal solution for me facing the time constraints of property auctions. In the fast-paced world of auction purchases, time is of the essence, with completion usually required within 28 days. With 10% of the property price already down and an additional 15% ready to be paid, £87,000 was essential to finalise the purchase and prevent the loss of the property, along with any funds already invested.”
Stuart Marshall from Liquid Expat Mortgages explains, “Even though the customer worked and lived abroad and the various challenges of work patterns, time differences and so on, all documentation was swiftly collated at our end. Despite a couple of local conveyancing delays, which were beyond the borrowers’ control, we sourced the necessary funds promptly to ensure the completion of this auction property purchase. Following completion, we have even been able to extend the loan through refinancing, as the borrowers were not yet ready to exit the loan.”
Liquid Expat Mortgages proved to be the go-to auction finance specialist for expat purchasers, providing swift and efficient solutions tailored to your unique circumstances.
Property Auction Finance Solutions
Liquid Expat Mortgages is here to provide you with efficient and flexible Property Auction Finance solutions tailored to your needs. Contact us now to explore your options for bridging loans and secure your auction purchase with confidence.
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