What 112 Auction Bridges Reveal in Lendlord's Latest 272 Deals
Published · Updated · 4 min read
112 of Lendlord's latest 272 bridging deals were auction-tagged. Median auction loan £80,125. About 84% company-owned. 71% exited by refinance.
Win the lot and the completion clock starts, often around 28 days. That is why auction bridging exists: complete first, then refinance or sell. The medians and anonymised examples below come from those 112 auction cases, covering ownership mix, speed since 2025, and refinance versus sale.
Before the hammer
Line up indicative terms while the lot is still listed
Create a free account, then pressure-test deposit, works, and exit against live bridging options.
Open free account and stress the lotFigures last checked September 2026 from Lendlord's latest 272 bridging deals.
Why auction buyers reach for bridging first
A winning bid is usually a binding contract. Mortgage underwriting often needs six to eight weeks. Bridging fills that gap. You complete, then refinance or sell once the property is mortgageable again.
In the latest 272 bridging deals, auction was the largest strategy: 112 deals versus 68 refurb, 67 BTL, and 24 capital raising.
Plan the refinance before you raise your paddle
What the 112 auction deals look like
Use medians, not averages. A few large city loans would otherwise skew the picture.
| Metric | Auction deals (n=112) |
|---|---|
| Share of latest deals | 41% (112 of 272) |
| Median loan | £80,125 |
| Total auction lending | £13.40M |
| Average monthly rate | 1.05% pm |
| Average gross LTV | 68% |
| Median total fees | £4,473 |
| Company vs private | 94 company / 18 private |
| Exit method | 79 refinance / 33 sale |
| Median days to funds (since 2025) | 42 days |
| Agreed vs actual term (median) | 12 months agreed / 6 months actual |
Source: Lendlord's latest 272 bridging deals, auction-tagged subset.
112 of the latest 272 deals were auction finance
Source: Lendlord's latest 272 bridging deals. If your next lot must complete inside auction rules, get indicative terms before you bid, not after.
See indicative auction bridging termsWhere auction volume clusters
Volume is regional, not London-only. West Midlands leads with 18 auction deals. North West has 16. Yorkshire and The Humber has 14.
City hotspots include Plymouth (10), Leeds (7), Sandwell (5), Sefton (5), and Stoke-on-Trent (5).
Treat auction bridging as a timed completion product. Lock the refinance or sale exit before you bid, then build dual representation and valuation into the clock from day one.Claire Harris, Bridging Loan Specialist at Lendlord
Condition and works on auction lots
Many auction lots are not day-one mortgageable. In this subset, 37 deals were tagged unmodernised with no running water or kitchen. Another 30 needed only minor works.
Where a refurb budget was recorded (106 deals), the median works line was £15,000. Price works into day-one cash, not as an afterthought.
Anonymised auction examples from the latest deals
City and shape only. No borrower identity. Figures are rounded from completed auction deals in the latest 272.
West Midlands terraced, 2026
Company borrower. Loan about £207,000 at 90% LTV. Funds in 32 days. Exit: refinance. Works budget about £10,000.
Anonymised auction deal from Lendlord's latest 272 bridging deals.
East Midlands terraced, unmodernised, 2026
Company borrower. Loan about £92,000 at 65% LTV. Funds in 15 days. Exit: sale. Works budget about £35,000 on a no-kitchen lot.
Anonymised auction deal from Lendlord's latest 272 bridging deals.
South West terraced, unmodernised, 2025
Company borrower. Loan about £105,000 at 75% LTV. Funds in 67 days. Exit: refinance. Works budget about £8,000.
Anonymised auction deal from Lendlord's latest 272 bridging deals.
Bid-day checklist
- Confirm the auction completion window and deposit rules for that house.
- Price purchase, fees, interest treatment, and works in one cash plan.
- Decide refinance versus sale before you bid, then stress that exit.
- Line up valuation and dual legal representation early.
- Apply for indicative bridging terms while the lot is still on the catalogue.
Frequently asked questions
Do I need auction bridging finance for a 28-day completion?
Usually yes if a mortgage cannot complete in time. Auction contracts often bind you to about 28 days. In the latest 272 bridging deals, median time to funds for auction cases since 2025 was 42 days from application, so apply early and keep dual representation ready.
What loan size is typical for auction bridging?
Across the 112 auction deals in that set, the median loan was £80,125. The average runs higher because a few large city lots pull it up. Model your lot, deposit, and works before you bid.
How do most auction bridges get repaid?
Of the 112 auction deals, 79 exited by refinance and 33 by sale. Among completed auction deals, about 79% repaid early versus the agreed term.
Are auction bridges usually taken in a company?
Yes in these latest deals. 94 of 112 auction deals (about 84%) were company-owned. Private borrowers were the minority. Structure the exit for the entity that will hold the asset.
Figures on this page come from Lendlord's latest 272 bridging deals, totalling £54.97M of lending. This article uses the 112 deals tagged strategy “auction”. Medians are used for loan size because a few large city loans would otherwise distort the picture.
If your lot is already on the catalogue
Model the lot. Lock the exit. Request indicative terms while you still have room inside the auction clock.
Pressure-test your lot against live bridging terms before auction day.
Get indicative terms for your lot
Expert insight from Claire Harris, Bridging Loan Specialist · Director of Growth, 12+ years in loans and lending · Last updated September 2026
Claire spends her week on auction completions, refinance exits, and the paperwork that makes a 28-day clock realistic. The medians here come from 112 auction-tagged cases in Lendlord's latest 272 bridging deals, framed the way she talks clients through bid day: exit first, then speed, then price.
Official data sources
- Lendlord's latest 272 bridging deals, auction-tagged subset (112 deals)
- Lendlord bridging loan for auction property overview
- Ten auction finance case studies analysed
- Bridging loan calculator hub