{"componentChunkName":"component---template-cache-tmp-delivering-a-137-k-light-refurbishment-auction-purchase-in-3-days-js","path":"/case-study/delivering-a-137k-light-refurbishment-auction-purchase-in-3-days","result":{"pageContext":{"page":{"id":"Y2FzZS1zdHVkeToxNzI5NA==","title":"Delivering a £137k Light Refurbishment Auction Purchase in 3 Days.","content":"<p><strong>Overview</strong></p>\n<p>Hampshire Trust Bank (HTB) successfully provided a £137k bridging facility to support the auction purchase and light refurbishment of an ex-local authority property in Sittingbourne. The funding enabled the borrower to secure the property within a tight auction deadline while undertaking refurbishment works themselves, with a clear strategy to refinance following completion of the works.</p>\n<p>&nbsp;</p>\n<p><strong>The Challenge</strong></p>\n<p>The borrower, operating through a SPV, required funding to complete an auction purchase under a compressed timescale.</p>\n<p>&nbsp;</p>\n<p><strong>Key challenges included:</strong></p>\n<ul>\n<li>Tight auction completion deadline requiring a fast-funding solution.</li>\n<li>Purchase of an ex-local authority property.</li>\n<li>Borrowers undertaking refurbishment works themselves.</li>\n<li>Need for sufficient term flexibility to complete works and refinance successfully.</li>\n</ul>\n<p>Given the auction nature of the transaction and the requirement for a rapid completion, a mainstream lender was unlikely to meet the required timescales. The refurbishment strategy and specialist property type also made the deal better suited to a specialist lender.</p>\n<p>&nbsp;</p>\n<p><strong>The Solution</strong></p>\n<p>HTB structured a £137k bridging facility tailored to the borrower’s requirements.</p>\n<p><span style=\"text-decoration: underline;\">Key features of the deal:</span></p>\n<ul>\n<li>£137,669.83 Light Refurbishment Bridge</li>\n<li>12-month loan term</li>\n<li>Funding for an auction purchase and refurbishment of an ex-local authority property</li>\n<li>Structured to support refurbishment works and subsequent refinance</li>\n</ul>\n<p>HTB took a pragmatic approach to underwriting, recognising that the ex-local authority status did not materially impact the property’s suitability within lending criteria. The team was also comfortable with the borrowers carrying out the refurbishment works themselves, based on their previous experience completing similar projects on their own properties.</p>\n<p>The 12-month term provided sufficient headroom against the anticipated 3-month refurb, allowing additional time for any delays and subsequent refinancing.</p>\n<p>&nbsp;</p>\n<p><strong>Execution</strong></p>\n<p>To meet the auction deadline, HTB worked closely with the broker, solicitors and all stakeholders throughout the transaction.</p>\n<p><span style=\"text-decoration: underline;\">Key milestones included:</span></p>\n<ul>\n<li>Legal instructions issued 27 April</li>\n<li>DIP application received 28 April</li>\n<li>Loan offer issued 18 May</li>\n<li>Completion achieved 21 May</li>\n<li>The facility completed just three days after offer, ensurig the borrower met the required deadline.</li>\n</ul>\n<p>&nbsp;</p>\n<p><strong>The Outcome</strong></p>\n<ul>\n<li>£137k auction purchase successfully funded</li>\n<li>Completion achieved just 3 days after offer</li>\n<li>Borrower secured the property with the required timeframe</li>\n<li>Refurbishment programme able to proceed as planned</li>\n<li>New borrower relationship established</li>\n<li>Strong broker relationship further strengthened</li>\n</ul>\n<p>&nbsp;</p>\n<p><strong>What This Demonstrates</strong></p>\n<p><span style=\"text-decoration: underline;\">Speed &amp; Certainty</span></p>\n<p>HTB’s ability to move from offer to completion within just 3 days demonstrates its capability to deliver when borrowers are working against critical deadlines.</p>\n<p><span style=\"text-decoration: underline;\">Pragmatic Underwriting</span></p>\n<p>A common-sense approach to the property’s ex-local authority status and the borrowers’ refurbishment strategy enabled HTB to support a transaction that may not have suited a mainstream lender.</p>\n<p><span style=\"text-decoration: underline;\">Collaboration</span></p>\n<p>Close communication between HTB, the broker, legal teams and the borrower ensured a smooth transaction and successful completion within the required timeframe.</p>\n<p>&nbsp;</p>\n<p><strong>Conclusion</strong></p>\n<p>This case highlights HTB’s ability to provide fast, pragmatic bridging finance solutions for time-sensitive property transactions. By combining responsive underwriting, strong stakeholder communication and a practical approach to risk assessment, HTB enabled the borrower to secure an auction purchase, undertake planned refurbishment works and progress towards a successful refinance strategy.</p>\n<p>&nbsp;</p>\n","uri":"delivering-a-137k-light-refurbishment-auction-purchase-in-3-days","slug":"delivering-a-137k-light-refurbishment-auction-purchase-in-3-days","seo":{"metaRobotsNofollow":"follow","metaRobotsNoindex":"noindex","opengraphAuthor":"","opengraphDescription":"Overview Hampshire Trust Bank (HTB) successfully provided a £137k bridging facility to support the auction purchase and light refurbishment of an ex-local authority property in...","opengraphImage":null,"metaDesc":"","canonical":"","opengraphTitle":"Delivering a £137k Light Refurbishment Auction Purchase in 3 Days. - HTB","twitterDescription":"","twitterTitle":"","twitterImage":null,"title":"Delivering a £137k Light Refurbishment Auction Purchase in 3 Days. - HTB","opengraphUrl":"https://uat-wp-www-htb-co-uk.htbplc.co.uk/case-study/delivering-a-137k-light-refurbishment-auction-purchase-in-3-days/","opengraphSiteName":"HTB","opengraphModifiedTime":"2026-08-14T10:05:02+00:00"}},"breadcrumb":{"location":"/case-study/delivering-a-137k-light-refurbishment-auction-purchase-in-3-days","crumbs":[{"pathname":"/","crumbLabel":"HTB"},{"pathname":"/case-study/","crumbLabel":"case-study"},{"pathname":"/case-study/delivering-a-137k-light-refurbishment-auction-purchase-in-3-days/","crumbLabel":"delivering-a-137k-light-refurbishment-auction-purchase-in-3-days"}]}}},"staticQueryHashes":["1239430513","1586857859","1772891646","229476007","2634765651","3264027306","3649515864","493905975","63159454"]}