Buying under the hammer?
Our auction finance can be used to purchase a wide range of property:
- Residential investments, including HMOs and multi-lets.
- Semi-commercial property.
- Commercial property (as an investment or owner-occupied).
We've seen all sorts of properties appear in the catalogue over the years, and have an open mind about the circumstances when we’re happy to lend. So even if it’s ex-council, high-rise, or you’ve been told it's 'unmortgageable', we may be able to offer an auction finance solution to help.
We’re property auction finance experts
We attend dozens of property auctions every year. In fact, there's a good chance you'll see us on the floor on auction day.
If you're not a regular auction-goer, rest assured. We recognise that lots of people are interested in buying at auction these days… not just investors.
Our common-sense approach to property auction finance means we can often lend when others struggle to. Including if you’re self-employed, are making your first investment purchase, or have less-than-perfect credit.
Proud partners of The Great House Giveaway
We're proud to bring you Channel 4's new property show, The Great House Giveaway. This innovative new programme gives people struggling to get a foothold the property ladder the chance to earn a deposit.
Contestants are given a budget to buy at auction, then renovate the property before selling it on – keeping any profit they make for themselves.
Refinancing your auction purchase
Once you've bought at auction, you'll have up to 12 months to repay your Auction finance. You can do this by selling the property on, or by refinancing with longer-term borrowing.
Which we may be able to help with. Talk to us about: