Lakeshield, a principal lender specialising in bridging and refurbishment finance, has launched an exclusive auction finance product on Brickflow.
The new offering, known as the Auction Bridge Loan, is designed for fast-moving purchases such as auction acquisitions and distressed sales.
It is being made available only via the Brickflow platform for an initial period of three months.
Positioned as a pragmatic and flexible alternative to traditional lenders, Lakeshield has set out to simplify and speed up bridging finance, removing common friction points in the lending process.
Loans are available from £250,000 to £5 million, over terms of three to 24 months. Residential loans are offered up to 75% LTV from 0.85% per month, while commercial deals go up to 70% LTV from 0.99% per month. Arrangement fees start at 1%, with no exit fees applicable.
The product offers a streamlined process, including options for AVMs, desktop valuations, and dual legal representation. No valuation is required up to 70% LTV for residential and 55% for commercial purchases. Borrowers with adverse credit, offshore entities and those acquiring non-standard or uninhabitable assets will also be considered.
Lakeshield’s approach to loan-to-value calculations is another point of departure from conventional models, with assessments based on purchase price rather than open market value – a potentially significant advantage in auction scenarios where speed and simplicity are paramount.
Daniel Rodney, chief executive of Lakeshield, said: “We believe in looking for reasons to say yes, not no. This exclusive auction product reflects our commitment to fast, flexible finance – and our partnership with Brickflow is the perfect platform to launch it.”
Glenn Franklin-Jones, director of lender relations at Brickflow, added: “We’re proud to offer this product exclusively through Brickflow for the first three months. It’s ideal for brokers needing fast decisions and reliable completions in the fast-moving auction space.”
