Once the hammer's gone down, you are committed. The red line has been drawn. You have 28 days to complete the paperwork and pay the funds.
That's why it pays to have your finance in place before you even set foot inside an Auction House on Auction day.
Defaulting is not an option. You don’t want to end up losing your deposit.
Prime opportunities are not exclusively found by experienced property developers; you could have the advantage of local knowledge, not forgetting that at times it’s not what you know but who you know. So we’ve got profitable news for anyone wondering if you can mortgage an auction property.
Bridging loans are the modern method of auction mortgages, allowing you to have cleared funds in your account before the Auction starts. That way you can bid confidently knowing that you are in a position to proceed, within the parameters you have set yourself on the maximum bid you are prepared to enter.
Short-term Auction Property Finance is the way to go if you need some flexibility in your finances, allowing you the time to find the best long-term or permanent financial solution, once you've bagged the property you want.
Why choose us?
Access to more lenders
- Whole of market brokers with access to specialist lenders and the experience to get you a highly competitive rate.
- We specialise in bridging loan and development finance cases so you can rely on an innovatively structured deal.
Fast, expert service
- We liaise with all involved on your behalf to ensure deadlines are met and drawdown is made in a timely manner.
We work closely with specialist lenders, private funders, high street lenders and challenger banks and we know how to put together the best bespoke deal.