Bridging Finance Solutions have joined forces with Pugh Auctions to act as a short-term lending partner for customers buying at their auctions.
Pugh Auctions operate across the North of England, holding several events throughout the year. Pugh’s are the largest auction house outside London and last year raised over £70.5million in sales.
Auctions are held in Manchester and Leeds, both areas where Bridging Finance Solutions has established a strong presence. Steve Barber, Managing Director at Bridging Finance Solutions commented: “Bridging finance and auctions often go hand in hand. Potential buyers are often looking to access fast finance that will ultimately enable them to make the purchase prior to a long term finance package being in place.
“We have a strong history working with the auction industry and look forward to applying our understanding and experience of this area of the property sector to our partnership with Pugh’s.”
Bridging Finance Solutions has been established for over 10 years and is FCA credited giving customers peace of mind. The firm has worked alongside a number of auction houses during this time allowing buyers to bid with confidence, ensuring that the necessary funds will be available on time, within the conditions of the auction sale.
BFS provides pre-agreed Decisions in Principle before, during or after auction.With typically four weeks to complete post auction date, BFS regularly fund transactions whilst long-term funding is arranged or properties refurbished.