Arranging finance for a property at auction requires specialist advice. You’ll need to be able to not only put down your 10% deposit on the night, but complete within 28 days – which means having your finance in place before the auction itself. Most regular lenders can’t cope with the extra-fast requirement to arrange a mortgage offer in this way, so a specialist is essential.
Below are details of companies and brokers offering specialist finance for purchases of properties at auctions. They usually specialise in fast agreements and completions within the strict timelines required by auction houses, as well as lending on properties that are not instantly mortgageable.
To find out more about buying at auction click here
|Auction Finance||from 0.75%/month||Visit website|
|Money Centre||n/a||Visit website|
|Greenfield Capital||n/a||Visit website|
|Finance 4 Business||n/a||Visit website|
|Easy Auction Finance||n/a||Visit website|
|DMI Finance||n/a||Visit website|
|Savills Private Finance||n/a||Visit website|