Finance your property.
- Rates from 0.79% per month
- Completions in as little as 24 hours
- No lender legal fees
- Desktop valuations
• Over 1,400 reviews
• Over 1,900 reviews
• Over 1,400 reviews
• Over 1,900 reviews
• Over 1,400 reviews
• Over 1,900 reviews
Lending decisions are based on lending criteria and, where applicable, subject to credit check and an assessment of individual circumstances.
Ready to talk to us?
Quick finance
When buying at auction with Edward Mellor, you need the confidence that you can get the finance you need within the 28 day turnaround needed for auction purchases.
And as a common-sense lender, we can lend on a wide range of properties to a variety of customers, including those who are self-employed or retired. So if it’s an unusual property you’re after, or you’ve been told it’s ‘unmortgageable’, we could be for you.
Why choose Together?
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Experienced
Over 15 years of auction finance experience.
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Smart
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Common sense
We can consider imperfect credit.
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Open-minded
We lend on a wide range of properties.
In Partnership with Edward Mellor
Together are proud to work with Edward Mellor Auctions. With over 30 years of experience in the industry, they’re one of the largest residential and commercial property auctions in the North West of England. They offer a broad range of lots, including land, development opportunities and off market deals, throughout England and Wales.
Providing a full suite of financial and property services - including a dedicated buying consultancy, auction funding and sale by online auction - the team at Edward Mellor can guide you through every step of the process, giving you the tools and knowledge you need.
The online auction platform provides the same speed, certainty and transparency as a traditional auction, adding the convenience of being able to bid from anywhere, on any device.
Common questions about auction finance
How much could you lend to me?
The maximum we will lend as auction finance is £5m, with the amount borrowed being worth no more than 75% of the property purchase price. The exact amount you can borrow depends on your situation and value of the property(ies) you're using as security, so please contact us to discuss your individual situation.
How quickly could I borrow?
We know that time is often of the essence when you're looking to purchase at auction. That's why we pride ourselves on the way we empower our team to make decisions and give you the fastest possible answer when you need it the most.
The speed at which we can lend will depend on your specific situation, but you'll see from our case studies that we're no strangers to turning things around in as little as 36 hours when it counts.
What fees will I pay?
At the auction itself, you may have to pay an administration charge to the auction house, and something called a 'buyer's premium'. All of this should be outlined in the auction catalogue so you know before you bid.
We charge an Arrangement Fee, and – depending on the loan you take – you may have to pay an Early Repayment Charge if you repay the loan before the end of the term.
We charge a Redemption Administration Fee when you 'redeem' (i.e. fully repay) your loan, to cover costs associated with closing your account and dispensing our legal claim to your property.
There may also be Legal fees, although we charge no Legal fees in many instances where you're buying residential property at auction.
All of these fees can vary, so we'll ensure that the fees that apply to your particular loan are clearly explained before you sign on the dotted line.
Other fees and charges may be applied to your account during the life of your loan, in relation to the management of your account (for instance, if you fall behind on your monthly payments). These are all explained in our Tariff of Charges.
I've been rejected for auction finance elsewhere. Will you be able to lend to me?
It's possible. We look at you as much more than just a credit score. If the sums show you can afford the property, we do our best to make it happen. To discuss your exact situation, just fill in an enquiry form and we'll call you back to talk in more detail with no obligation.
Can first time buyers buy at auction?
Yes, we can lend to first time buyers looking to buy at auction, and our friendly team can guide you through the process.
Many of us dream of owning our own home, and at Together we look at the bigger picture and get to know the person behind the numbers to enable you to secure your auction property with the finance you need in tight timescales. We’ve helped lots of people buy their first home over the years, when others couldn’t.
All mortgages are subject to our terms and conditions.
Loans offered by Together Commercial Finance Limited are not regulated by the Financial Conduct Authority.
