Auction Finance
Let us help you find the cheapest, fastest most flexible auction finance lender.
Frequently Asked QuestionsLenders
52Money in
7 daysRates from
0.42% PMHow It Works
With our simple form, case management tools, and expert advisers; finding funding has never been simpler.
Let us know about you and what you would like to achieve.
Your assigned adviser will issue an indicative quote.
Review your offers and choose the best for you.
Valuations are conducted, formal offers made, funds are drawn.
Frequently Asked Questions
Need answers? We got 'em.
Auction finance enables property developers to secure a below-market-value property. It is designed to work with the timescales that the auction houses offer to complete the purchase of a lot.
Most auction houses offer 6 weeks from the hammer to complete the purchase of a lot. Some only offer 4 weeks. Our auction finance providers are aware of the need to move fast. To speed the process up some bridging lenders will not even require a valuation prior to completion.
Auction finance is designed to work with the timescales that the auction houses offer to complete the purchase of a lot.
They will either instruct a valuation quickly or visit the property themselves and come back with a decision. Some lenders will lend on the basis of the auction value and then complete the valuation post purchase.
We can organise speedy finance for auction purchases. In most cases no proof of income is required, simply proof of deposit funds. Our lenders can move fast allowing you to complete in the time required and avoid losing your deposit.
Some lenders will provide funds to buy a property, and advance funds to renovate It if required. The level of renovation required is classed as either light refurbishment (no major structural changes) or heavy refurbishment (movement of internal walls/extensions). Depending on the level of work required there are different products which will suit a borrower’s needs. You can then either sell it hopefully for a profit, or we will arrange long term finance for you to rent it out.
Unlike a term mortgage this type of funding doesn’t focus on the affordability of repayments, as no repayments will be made until the end of the term when the full balance plus interest will be due. The focus is simply on the value of the asset and the loan made against it. To some extent the credibility of the property investor also plays a role.
Protect Your Business
Business protection insurance protects your business against the illness, disability or death of its directors or employees. Effectively you get personal life and income protection cover paid for by your business, with various tax benefits.
Excellent Service
Don't just take our word for it. Read our latest reviews.
Anonymous
Rated 5.00 stars out of 5
fast trustful, very helpful. I will definitely come back again.
DANIEL S Z M BOCTOR
Rated 5.00 stars out of 5
Rebecca Jones from the B2B team has been fantastic to work with. Thank you for all your efforts. She was able to facilitate an excellent deal for us, for a very difficult case in a difficult market. We are very pleased indeed. Thank you Rebecca for all your support and making the journey as smooth as possible for us! We really appreciate all your h...
Anonymous
Rated 5.00 stars out of 5
Great help from Jodie.
Robert Pulford
Rated 5.00 stars out of 5
Absolutely the best service I have ever received from a firm of finance brokers. Andy Jones and Jo McCarthy were superb and I would always recommend them. The thing is they always come up with an answer and so many brokers just ignore you and don’t come back!
Mark
Rated 5.00 stars out of 5
Jo McCarthy helped us find a great holiday let mortgage where other brokers had failed, either to achieve the required LTV or approval of financial income etc. It has been the quickest and easiest process that I have ever encountered in my experience of over 20 home loans.
Anonymous
Rated 5.00 stars out of 5
Jo McCarthy was an absolute pleasure to deal with and diligent throughout negotiations, underpinned by effective communication between all parties concerned in the deal. Thoroughly recommended for future use.