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Personal auction finance

Auction finance for your new home.

  • Bridge or term options available
  • Loans from £50,000
  • Non standard properties accepted
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Shortlisted in the Negotiator Awards


• Over 1,200 reviews

• Over 1,900 reviews

Shortlisted in the Negotiator Awards


• Over 1,200 reviews

• Over 1,900 reviews

Shortlisted in the Negotiator Awards


• Over 1,200 reviews

• Over 1,900 reviews

Speak to our specialist auction finance team

Speak to an expert
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Common sense auction finance for your new home

When buying an auction property for you or your family to live in, you need a lender who can provide the finance you need to bring your vision to life within the 28 day turnaround needed for auction purchases.

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 if it’s an unusual property, or you’ve been told it’s ‘unmortgageable’, we could be for you.

Whether you’re a first time buyer looking to get on the property ladder or buying a renovation project to create your new home, we could help you buy at auction with short-term or long-term finance to suit your needs.

Why choose Together?

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Auction finance that acts fast

Auction finance requires expertise, speed and flexibility, especially when you only have 28 days to complete your auction purchase on your new home.

Our specialist team has supported auction buyers looking to purchase a wide range of properties, including ex-council, high rise and other non standard buildings through applying common sense to our lending so we can be more flexible on income and credit status, instead of just looking at your credit score.

Additionally, you can choose between shorter term bridging loans and longer term mortgage finance options with loans starting from £50,000.

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Short-term finance: Regulated bridging

A regulated bridging loan is a temporary secured loan that allows you to borrow the money you need to buy your new auction home at speed, whilst waiting for some other money – such as a mortgage or from a property sale – to come in.

We’ll work quickly and flexibly to meet tight auction deadlines, offering short-term finance to bridge any gaps in funding with no monthly repayments, no income or affordability checks and a variety of employment statuses considered.

  • 12 months

    Available over standard 12 month term

  • 0.90%

    Rates from 0.90% per month

  • 70% LTV

    Borrow up to 70% of the property’s value

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Long-term finance: Term mortgage

Together can also offer traditional mortgages to auction buyers looking for a longer term finance option to purchase their new home, from 3-40 year terms.

  • 3 to 40 years

    Terms available up to 40 years

  • £1M

    Borrow up to £1M

  • 7.99%

    Rates from 7.99%

  • 75% LTV

    Borrow up to 75% of the property’s value

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George’s story

George wanted to purchase a Midlands property at auction for his family member to live in. Whilst he had a healthy deposit and his credit report was good, he was a sole applicant and had been in his job for less than 12 months, which made getting a high street mortgage difficult.

Knowing that time was of the essence due to quick auction completion deadlines, Together was able to offer him the funds he needed with a 5 year fixed rate mortgage, with appointment to offer made in just 12 days so George could secure his auction property.

Figures and details from a real Together mortgage customer. All personal information anonymised. While we aim to lend within the shortest possible timescales, speed of funding varies with every case.

George's auction finance with us:

Amount sought

5 year fixed rate mortgage

Product provided

12 days

Time from application to funding

Common questions about personal auction finance:

How much could you lend to me?

The maximum we will lend as personal auction finance is £1m, with the amount borrowed being worth no more than 75% of the property purchase price. The exact amount you can borrow depends on the type of loan and 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 a Lenders 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.

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Ready to bid with confidence?

You could achieve success at auction with our top tips videos and guidance from our experienced auction finance team.

So if you’ve never bought at auction before or are keen to learn more, visit our new auction education hub and bid with confidence.

Find out more
Overall cost for comparison

For example: A mortgage of £155,000 payable over 12 months, on a fixed rate of 1% would require 11 instalments of £0.00 followed by 1 instalment of £179,353.33. The total amount payable would be £179,355.33 made up of the loan amount (£155,000) plus interest on the loan (£19,685.73), arrangement fee (£3,100) plus interest on this fee (£372), the broker fee (£980) plus interest on this fee (£117.60) and the redemption administration fee (£100.00).

The overall cost for comparison is 15.7% APRC representative.

The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.

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Talk to our specialist auction finance team

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Your home may be repossessed if you do not keep up repayments on your mortgage.
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