Our short term bridging loans are for purchase, refinance, property improvement or to unlock working capital for business purposes.
This unique overdraft provides you with a flexible drawdown facility giving you instant liquidity and avoids heavy setting-up costs.
Individually structured loans for residential and commercial projects, with finance available for site purchase, construction and fees, refinance, equity release and to provide working capital. Loans are available up to 90% of the site cost.
Flexible first and second charge non-regulated loans available on terms from 3 to 5 years.
We have a commitment to innovation and with the ever changing financial landscape around us we have designed a range of unique Specialist Lending products that solve a range of property finance needs.
By Jonathan Rubins, Director & Chief Commercial Officer at Alternative Bridging Corporation
Auction finance can play a pivotal role in funding property acquisition for investment purposes. As we navigate through 2024, there are positive signs that the market is improving, with the trends in both commercial and residential Auction Finance UK revealing fascinating insights and opportunities for savvy investors.
The expansion of online and livestream bidding has broadened the reach of property auctions, allowing auctioneers to diversify their portfolios and extend their geographic reach. This digital transformation has driven substantial growth in the UK property auction market, making it more accessible and competitive.
According to recent research from EIG Property Auctions, regional dynamics significantly influence the auction market. In northern regions, retail properties are more common, while land transactions dominate the southern regions. Despite these regional variances, mixed-use properties remain robust across most areas. This trend underscores the versatility of mixed-use properties, attracting investors seeking diversified portfolios that can withstand market fluctuations.
Auctioneers Acuitus held a commercial property auction in July, achieving a 100% sale rate for all lots offered. This marked their first auction since November 2022 to reach such a milestone. Acuitus said the assets for auction attracted investors who saw the potential for either residential conversion or alternative uses/redevelopment, as well as being in desirable locations.
The auctioneers stated that investor confidence is expected to strengthen following the decisive general election result. Additionally, anticipated interest rate reductions are predicted to further boost the market, with the first taking place on 1 August.
According to Acuitus, the auction’s 100% sale rate may signify a turning point in the market, indicating renewed investor enthusiasm and confidence.
EIG research into market growth over the past five years found that HMOs/Blocks saw the largest (66%) increase in auction sales compared to 2019, closely followed by garages at 62%. Residential properties as a whole saw decent rises, along with land and certain commercial properties such as mixed-use and office spaces.
The residential auction market exhibits its own set of intriguing trends on a regional basis. London and Scotland see a higher volume of flats, while the North East leads in terraced properties. These regional differences offer valuable insights for buyers looking for specific property types. The shift towards online auctions has also increased accessibility for buyers, contributing to significant growth in average sold lots across various regions. East Anglia, for example, saw a nearly 300% increase in sold lots despite a 42% rise in auctioneer numbers.
The Alternative Overdraft from Alternative Bridging Corporation is a revolving credit facility designed to provide financial flexibility for both commercial and residential property purchases at auctions. This facility allows borrowers to draw, repay, and redraw funds as needed, making it an ideal solution for time-sensitive auction purchases.
As we progress through 2024, the trends in UK auction finance for both commercial and residential properties highlight how the market is improving and why there is an increasing need for flexible financial solutions. The Alternative Overdraft stands out as a powerful tool, enabling investors to navigate the auction market with confidence and agility. By leveraging this revolving credit facility, buyers can secure properties swiftly, manage their finances efficiently, and capitalise on emerging opportunities in the dynamic auction landscape.
In summary, understanding the evolving trends in auction finance and utilising flexible financial products like the Alternative Overdraft can significantly enhance your investment strategy. Stay ahead in the competitive auction market by embracing our innovative financing solution.
Contact us now to discuss your UK auction finance investment opportunity.
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