Short-term auction finance

Supporting auction buyers for more than 15 years
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  • Lasts up to 12 months.
  • Loans up to 5m.
  • 'No exit fee' options.
  • Rates from 0.65%.
  • Borrow up to 75% of the purchase price*
* The maximum loan and loan-to-value ratio offered may vary depending on the property and your individual circumstances.
  4.6/5 average rating by independent customer feedback

Auction finance at Together

Our auction finance is designed for investment properties of all kinds – including a wide range of residential, semi-commercial, and commercial properties.

We'll work quickly to provide the loan you need within your 28-day completion deadline, and any fees can be rolled into what you've borrowed.

You'll have up to 12 months to repay the loan in a lump sum – either by arranging longer-term finance, or by selling the property on. And until that happens, you'll only make interest payments each month.

If you're buying a house at auction to live in yourself, we can also help with this – and you won't make any monthly payments while it's in force.

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This takes about 15 minutes and will involve a full credit check.

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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.

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.

Loans offered by Together Commercial Finance Limited are not regulated by the Financial Conduct Authority.