15 years at your service.
- Loans from £26,000 to £2 million (more by referral)
- 'No exit fee' options*
- Borrow up to 75% of the purchase price*
- Standard 12-month term
- Residential, commercial, semi-commercial and land
* The maximum loan and loan-to-value ratio offered may vary depending on the property and your individual circumstances
Why choose Together?
ExperiencedWith over 15 years of auction finance experience under our belts, you can trust us to get things right for you.
Open-mindedUnlike many, we lend on properties like ex-council properties, high-rise flats and those made of non-standard materials.
Common senseYou're more than a credit score. If the sums show that you can afford the property, we do our best to make it happen.
SmartReceive updates on your application, upload files & e-sign most documents to open your Together account - all using our secure app.
12 monthsAvailable over standard 12-month term
£5,000,000Loans from £26k to £5m (more by referral)
0.85%Rates from 0.85%
75% LTVBorrow up to 75% of the property's value
No exit feeNo exit fee options available
Auction finance, fast
We know auction finance inside out. And we also understand that speed is of the essence, because you've got 28 days – at most – to get your finance in place and complete your purchase. So our Auction finance can be arranged quickly, and we’ll work with you to meet your deadline. We'll be on-hand throughout the whole process to make sure everything goes to plan.
With over 15 years’ experience in Auction finance under our belts, you can rely on us to get this right. We empower our underwriters to make pragmatic lending decisions, and it's what sets us apart. So whether you’re a professional landlord or first-time investor, a big-name business or self-employed sole trader, you can apply for our auction finance.
And unlike some lenders, we are happy to lend on many of the properties typically available at auction - including HMOs, semi-commercial units, ex-council homes, flats in high-rise towers, non-standard construction and those currently termed 'uninhabitable'.
Common questions about short-term 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 the your situation and value of the property(ies) you're using as security, so please contact us to discuss your individual situation, or try using our auction calculator.
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, as well as how quickly the other parts of the chain can move, 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.
In terms of our 12-month auction finance, we charge an Arrangement Fee, and – depending on the loan you take – you may have to pay an Exit Fee 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.
Why auction finance, instead of getting a mortgage on an auction property?
Often you can get a mortgage on an auction property, but you have to complete your auction purchase within 28 days (at most) – and that's sooner than most mortgages can be arranged. That's why auction finance exists – to bridge the gap between your completion deadline, and your mortgage being granted.
If you do decide that you would prefer a mortgage, depending on the property you wish to buy, you may need a personal mortgage (if you're buying a home to live in), a buy-to-let mortgage (if you're buying a house to rent out), or a commercial mortgage (if you're buying a business premises or land).
We offer all of these, and often help people refinance their auction purchases with the longer-term borrowing they need.
Ready to see what we could do for you?Get a decision in principle or enquire
Loans offered by Together Commercial Finance Limited are not regulated by the Financial Conduct Authority.
Any property used as security, including your home, may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.