Client: Private investor purchasing a Grade II listed country estate at auction, Surrey
Deal Value: £2,750,000
The Challenge
The client had successfully bid on a Grade II listed country estate at auction, triggering the standard 28 day completion requirement. The property's listed status made it difficult to finance through conventional lenders who were uncomfortable with the heritage restrictions and refurbishment requirements. The client needed certainty of funding immediately after the hammer fell.
The Solution
We had pre-arranged a bridging facility in principle before the auction took place, giving the client complete confidence to bid. Post auction we worked with a specialist lender experienced in listed buildings, providing a full heritage report and refurbishment schedule to support the application. Funds were drawn down within 21 days of the auction.
The Outcome
The client completed on the country estate within the required auction timeframe. The bridging facility gave them the time needed to arrange longer term financing and plan the refurbishment of the estate in full.
Having finance pre-arranged before the auction gave us the confidence to bid without hesitation. They understood listed buildings when nobody else would.
— Client — Private Investor, Surrey