Blog post
July 25, 2023

Case study: From enquiry to credit approved in 2 days with an AVM

Get your simple, fast bridging deal by going through our broker portal here.

Location: Croydon

Loan amount: £219,800

LTV: 70%

A broker approached us on behalf of their client who had purchased a property at auction. 

As with most auction purchases, they needed the funding fast to secure the property, while also having flexibility in the loan and loan term to complete modernisation.  

To aid with speed, they were able to use an AVM through our broker portal – which on average saves brokers and their clients about 11 days and £390 – and were able to move forward to legals. 

Credit approval was received in two days, and the buyer could proceed assured they’d secured their loan when they needed it.

Leanne Ardron, Head of Bridging Finance, said: 

“This is exactly what we want our AVMs to be doing for brokers and their clients; moving deals forward at speed so they can get the right funding, when they need it. 

“This creates extra efficiencies for us across the team as well, as it frees up our experts to focus on other, more complex cases as well as signing these type of deals off, because we know we’ve got everything in place for them to be smooth.”

Get your simple, fast bridging deal by going through our broker portal here.