UTB Bridging Delivers £600,000 Regulated Bridging Loan for Grade II Listed Auction Purchase in Just Six Days
22 June 2026
United Trust Bank (UTB) Bridging has delivered a £600,000 regulated bridging loan offer in just six days, helping borrowers secure the purchase of a Grade II listed five-bedroom detached home at auction.
The case was introduced to Rebwar Abdoullahi, Business Development Manager, BTL & Bridging, at United Trust Bank by Paige Dumpleton, Senior Finance Broker at Clifton Private Finance, who required a fast and reliable funding solution for clients facing a tight auction completion deadline.
The borrowers successfully bid £959,000 for their new home at auction and required bridging finance to complete the purchase within the completion deadline. UTB was approached to provide a £600,000 regulated bridging loan secured by a first charge over the auction property and a second charge over the borrowers’ current home which was under offer but not exchanged.
The planned exit will come from proceeds from the eventual sale of the borrowers’ existing home and a mortgage on the newly acquired property following completion of light refurbishment works.
Key Case Highlights:
- £600,000 regulated bridging loan
- Auction purchase
- Two security properties – 1st and 2nd charges
- Free AVMs on both security properties
- Dual legal representation used
- Offer issued in just six days
Speed and certainty were critical throughout the transaction. Free AVMs were successfully used on both security properties, removing the need for physical valuations and helping accelerate the underwriting process. The borrowers also elected to use dual legal representation with JMW Solicitors LLP acting on behalf of both lender and borrower, helping further streamline the process and keep the transaction progressing quickly.
Rebwar Abdoullahi, Business Development Manager, BTL & Bridging, at United Trust Bank, said:
"Auction purchases leave very little room for delay, so brokers and borrowers need complete confidence that their lender can move quickly and deliver what they promise. This case demonstrates how the combination of experienced underwriting, free AVMs and Dual Representation can significantly reduce friction in the process and provide the speed and certainty clients need.
“It was a pleasure to work with Paige, and everyone involved worked collaboratively to keep things moving. It's another great example of how UTB's specialist bridging expertise helps brokers deliver successful outcomes for their clients."
Paige Dumpleton, Senior Finance Broker at Clifton Private Finance, commented:
"The clients needed a lender capable of acting quickly and confidently on a time-sensitive auction purchase, and UTB delivered exactly that. Rebwar and the team understood the case immediately and provided clear communication throughout.
“Working with a lender which combines speed with genuine bridging expertise makes a huge difference when managing transactions under tight deadlines."
This latest completion reinforces UTB's reputation as a trusted specialist bridging lender, providing brokers and borrowers with the speed, certainty and expertise required when timing is critical.
