£502,450 Auction Bridging Loan in Canary Wharf Completed in 2½ Weeks
Another broker couldn't deliver — and the auction deadline didn't move. The client came to A2Z at the last minute, and we completed this auction bridging loan in Canary Wharf in 2½ weeks: £502,450 at 65% LTV, securing two purpose-built flats bought £427,000 below market value.
Deal Snapshot
The Client Scenario
Our client — an investor purchasing through an SPV limited company — had won two purpose-built flats at auction in Canary Wharf. The numbers were exceptional: a £773,000 purchase price against a £1,200,000 market valuation, roughly £427,000 of equity built in on day one.
But auction purchases don't reward good numbers — they reward completion. The clock started at the fall of the hammer, the deposit was already paid, and the balance had to be funded within the auction window.
The client had originally placed the case with a different broker. As the deadline approached, it became clear that broker couldn't perform. With time nearly gone, the client came back to A2Z to rescue the purchase.
Lose the deadline and the outcome is brutal: deposit forfeited, the property potentially re-offered, and a £427,000 value opportunity handed to someone else.
What Could Have Gone Wrong
By the time the case reached us, most of the auction window had already been spent with a broker who couldn't deliver. A standard application cycle — sequential valuation, then underwriting, then legals — simply wouldn't fit in the days remaining.
Everything on this case had to happen at once, and nothing could be allowed to slip.
The Solution
We took the case over at short notice and rebuilt it from scratch — no waiting on the previous broker's paperwork. The case went straight to MT Finance, chosen for proven speed on auction purchases, and every workstream ran in parallel from day one.
The facility completed at £502,450 — 65% LTV against the purchase price — on a 12-month term at 0.95% pcm, structured with 1 month retained and 11 months serviced to keep upfront deductions down and the net advance high.
Bought at auction and need funding before the deadline?
Broker fallen through, 28-day clock running, SPV structure — we pick cases up mid-flight and complete on time.
A2Z Bridging Ltd is authorised and regulated by the Financial Conduct Authority · FRN 808769
The Outcome
Auction Bridging Loan on the Clock?
Whether your broker has let you down or you've simply left it late — auction bridging on tight deadlines is what we do. Speak to us before the deadline does the deciding.
A2Z Bridging Ltd · Authorised & Regulated by the FCA · FRN 808769 · We are a broker, not a lender.
Frequently Asked Questions
Often, yes — but every day matters. On this case the client came to us after another broker failed to perform, and we still completed £502,450 in 2½ weeks. The key is a fresh, correctly packaged submission to a lender chosen for speed, not attempting to salvage a broken application. Call us the moment you suspect your current route is stalling.
Most auction purchases must complete within 28 days of the hammer falling. This Canary Wharf case completed in 2½ weeks — from a standing start after a failed broker. Speed comes from lender selection and running valuation, underwriting and legals in parallel rather than in sequence.
Retained interest is deducted from the loan upfront; serviced interest is paid monthly. This case used a hybrid — 1 month retained, 11 months serviced — which kept upfront deductions low and the net advance high, exactly what an auction purchase with a fixed balance to fund needs.
Yes — this £502,450 facility was written to an SPV. Bridging lenders lend to limited companies and SPVs routinely, usually with personal guarantees from directors. The structure adds due-diligence steps, so on a tight deadline it pays to clear those requirements at submission rather than mid-process.