To find out how auction finance works including loan amounts, rates and fees please read our bridging loans section or give us a call to talk through your requirements.
What sort of properties can be bought with auction finance?
Pretty much any residential, commercial or mixed use property can be purchased regardless of whether it is habitable or not. We can also source auction finance to purchase land.
Whether you are buying to renovate and sell on or rent out we can help regardless of the condition of the property. Many landlords buy properties using auction finance because a buy to let mortgage takes much longer to arrange. They then look to refinance at a later stage. Most lenders prefer landlords to have owned a property for at least six months before they will consider refinancing but we do have exclusive access to lenders who will refinance within six months of purchase or renovation.
Shops, offices, restaurants, pubs, leisure centres, industrial units, warehouses – we can help find the right sort of finance to purchase pretty much any sort of commercial property. Funding is available for investors and business owner-occupiers.
Mixed use property
Also known as semi-commercial property. We can source auction finance for premises that are part commercial and part residential such as shops and offices with flats above.
What to do now?
Give us a call to talk through the options on 0845 345 6788. Alternatively, take a look at some of the short term loans we arranged for customers recently.