Together and The Loan Partnership complete £160k regulated bridging loan in nine days to save auction purchase

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Specialist lender Together has partnered with broker The Loan Partnership to deliver a £160,000 regulated bridging loan in just nine days.

The funding saved the clients from losing their deposit after buying their new home, a £100,000 five‑bedroom semi‑detached fixer-upper, at auction. Another lender had agreed to provide the funding but pulled out at the last minute.

Together, provided a 12‑month regulated bridge, cross charged against the couple’s current home, a three-bedroom flat, and their new property.

They used the short-term loan to buy their new semi, meeting the strict auction deadline despite being previously let down, and intend to spend nearly £50,000 on home improvements, scheduled for completion within eight weeks.

Sally Precious‑Ward, Intermediary Relationship Manager at Together, said:

“Our regulated bridging loan products are designed for exactly these types of situations, where clients need fast, pragmatic solutions to secure their home purchase.

Working alongside The Loan Partnership meant we could move with precision and pace, ensuring a smooth and successful completion.

We’re delighted with the result and pleased to have supported such an efficient turnaround.”

The couple approached The Loan Partnership (TLP) after their original broker told them the auction purchase deal was set to miss its funding deadline.

Auction property purchases typically require completion within 28 days and are subject to a 10 per cent deposit once the hammer goes down.

The team at TLP immediately prioritised the case, delivering completing in just nine days, avoiding the buyers losing the house and their £10,000 deposit.

Sarah Gaffney, Operations Director at TLP, said:

“This case demonstrates the real power of specialist lending when speed, expertise and reliability are essential.

Auction timelines are unforgiving, and when clients face the possibility of losing their deposit, every hour matters.

We were dedicated to turning this around quickly, and Together were outstanding partners throughout.

The clients were overjoyed and we’re extremely proud of the outcome we achieved for them in partnership with Together.”

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