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With auction completion bridging, the priority is securing the purchase immediately, then repaying when your next step completes, such as a sale, refinancing, or another agreed route. Lenders typically expect a property valuation acceptable to them, evidence supporting affordability, and a clear funds strategy. Because auction purchases are time-critical and riskier if they fail, lenders commonly apply stricter checks. Terms are often around 6 to 12 months, with pricing frequently quoted on a monthly interest basis.

Refurb-and-refinance bridging is geared towards cases where you will complete the purchase, carry out improvements, then refinance once the property is in a suitable condition. Eligibility often relies on a refurbishment plan and supporting evidence of budget and, where relevant, contractor information. Lenders usually assess an after-repair value view and how the works affect refinance likelihood. Typical terms are commonly 6 to 18 months, reflecting the time needed for refurbishment and stabilisation before repayment. Decision time is often longer where ARV assessment requires more detail.

Sale-dependent bridging supports an auction purchase where you will repay from sale proceeds rather than an immediate refinance. Lenders usually focus on saleability and timing, including marketing and pricing assumptions, a realistic sale timeline, and the property condition behind the valuation. Because you may carry interest and holding costs while marketing, lenders also expect evidence that you can manage the interim period. Terms are often around 6 to 12 months, sometimes up to 18 months where exit timing is extended. Decision times often reflect how quickly the sale plan evidence can be reviewed.