Auction Finance: Bid with Absolute Confidence.
Fast-tracked funding specifically designed to beat the strict 28-day completion deadlines of the auction house.
28 Days to Complete? No Problem.
When the hammer falls at an auction, the clock immediately starts ticking. You typically have just 28 days to complete the purchase, and failure to do so means losing your 10% deposit.
Traditional mortgages simply cannot move this fast. Furthermore, auction properties are often 'unmortgageable' (lacking a kitchen or bathroom).
Auction finance solves both problems: it’s built for extreme speed and lends based on the value of the property, regardless of its current condition.
Common Uses for
Auction Finance.
Unmortgageable Properties
Buying derelict, inhabitable or fire-damaged homes that standard lenders will instantly reject.
Title
Defects
Purchasing properties with short leases or legal quirks that need to be resolved post-completion.
Speed of Completion
Guaranteeing you have the funds ready before the 28-day auction deadline expires.
The "Unmortgageable" Scenario.
You win a bid on a house at auction that has no running water or kitchen. A high-street bank refuses to lend. We arrange auction finance within 14 days, allowing you to complete. You install a kitchen and bathroom, making the property "habitable," and then seamlessly switch to a standard residential mortgage.
Frequently asked questions
Ready to Apply?
Get in touch and one of our advisors can guide you through the process