The benefit of a ‘Red Book’ Valuation

by Joel Lea, Senior Underwriter at Bath & West Finance.As a principal lender, we appreciate the necessity of carrying out a RICS ‘Red Book’ Valuation to help us assess the financial risk of a property – whether housing, commercial or semi-commercial properties,...

Spotlight on property conversions and refurbishments

by Martyn Smith, Managing Director at Bath & West Finance. I’ve been in the specialist lending arena for over thirty-five years, and bridging finance has near enough remained close to its origins of being flexible, short-term finance which is secured against...

Bridging Industry stalwart Matthew Anderson joins Bath & West Finance

Matthew Anderson has joined West Country bridging lender Bath & West as commercial director. Anderson has over 25 years experience in the bridging and development finance markets, formerly heading up development lending at Amicus Finance and prior to that, at...

Should unregulated bridging really be driven by borrower status?

A recent report into the bridging market, penned by EY Financial Services, articulated some interesting features of the current short-term market that bear a little more thought. According to EY’s analysis, growing competition in the bridging market ‘requires...

Thematic review of the short-term sector: Is it time to re-visit the basics of bridging?

The bridging market has changed a lot over the past decade. No longer is the dominant model to have a number of private individuals funding short-term development projects, underwritten on a case by case basis and priced typically at between 1.5 and 2 per cent a...

Auction Finance

Auction finance at your fingertips

In order to bid with confidence at auction, you need one thing above all else. You need the reassurance the necessary funds will be available when you need them. When the hammer falls, a non-refundable deposit is immediately payable and you then have a maximum of 28 days to complete – it can be shorter with certain auction houses.

At Bath & West we can give you an immediate decision on all auction finance, and we are able to release funds within a matter of days. As a Principal Lender we are not dependent on banks or other lenders, which means no missed opportunities at auction or stressful times waiting for funds to clear. That’s auction finance at your fingertips.

“Our processes, and those of the professionals we work with, ensure funds will be available to meet the tight timescales imposed by an auction purchase. This avenue can often allow property professionals to purchase at below market prices – our bridging loans and the service we provide are designed to open this opportunity to property professionals.”

Nick Lynch

Bath & West Finance
Senior Underwriter

Key rates & features

Maximum Loan


Minimum Loan


Maximum LTV


Commitment fee


Broker Commission

from 1%

Monthly Interest

from 0.85%

Interest Payment Method

Serviced, retained or rolled-up

Minimum Term

90 Days

Maximum Term

360 Days

Key Product Criteria*

Residential Property

Houses, flats, BTL’s, HMO’s, auction, development land with full residential planning, unmortgageable


Freehold or leasehold with more than 60 years left on the lease

Residential tenancies

A standard AST agreement

Type of Charge

First charge, second charges


Light refurbishment works, such as kitchens, bathrooms, floor coverings, general decoration and extensions where stage payments are not required, no strucural alterations and no planning permission is needed

* Please refer to the criteria page for standard loan criteria for all products

Download our full product guide

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