Is a land bridging loan used to buy at auction?

Yes. Many of our clients use Land Bridging Loans to purchase land from auction. It is good to instruct your broker immediately so you can establish which solicitor you may be dealing with. It is important to note that most short term lenders offering Auction Loans will have a closed legal panel and therefore your chosen solicitor may not be able to act. It is also best to check early on what searches will be required on completion, or if you can avoid them. If not, they could cause delays so it is best to get them started in advance of your bridging offer.