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Intermediaries site
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Auction finance

Short-term finance with fast turnarounds.

  • Borrow up to £2m*, with rates from 0.49%,
  • Fast and flexible, to meet your completion deadline.
  • Apply as an individual or business.
  • Free valuations and no lenders' legal fees on most residential purchases.
  • Borrow up to 75%* of the purchase price (or more with additional security).
* The maximum loan and loan-to-value ratio offered may vary depending on the property and your individual circumstances.
  4.7/5 average rating by independent customer feedback

In order to best support our existing customers in these unprecedented times, we have made the difficult decision to stop accepting new product applications for the time being.
If you already have an application in progress with us and wish to discuss it, please get in touch with your introducing broker or contact us on 0161 933 7099.

Buying under the hammer?

Our Auction finance can be used to purchase a wide range of property:

  • Your next home
  • Residential investments, including HMOs and multi-lets.
  • Semi-commercial property.
  • Commercial property (investments and owner-occupied).
  • Land.

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 help.

How it works

Your loan lasts up to 12 months, and you repay it in a lump sum – either with the proceeds of selling the property on, or with longer-term borrowing like a mortgage.

In the meantime, you'll only make interest payments each month – so the sooner you repay it, the less it'll cost you. And any fees can be rolled into the lump sum.

Overall cost for comparison


An auction finance bridging loan of £150,000 repayable after 12 months on a fixed rate of 5.88% would require a single payment of the capital borrowed plus the accrued interest totalling £163,983.47 including fees.

The total amount payable would be £163,983.47, made up of: the loan amount, plus interest on the loan (£9,061.62); processing fee (£1,500); arrangement fee (£3,000); interest on these fees (£271.85); and the redemption administration fee (£150).

The overall cost for comparison is 9.3% APRC representative.

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


We're property auction experts


And attend dozens of property auctions every year. In fact, if you head to your nearest auction, there's a good chance you'll see us in the room.

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 professional investors.

We apply a common-sense approach that 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.


In order to best support our existing customers in these unprecedented times, we have made the difficult decision to stop accepting new product applications for the time being.
If you already have an application in progress with us and wish to discuss it, please get in touch with your introducing broker or contact us on 0161 933 7099.
Any property used as security may be repossessed if you do not maintain payments to your mortgage.

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Customer Rating 4.7

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