Auction Finance
Auction finance made easy with Bradgate Financial Solutions. Borrow up to 75% LTV quickly for your property purchase.
Auction Finance Solutions
Buying a property at auction can be an exciting opportunity, but it requires swift financial action. Traditional mortgages often take time to arrange, involving extensive paperwork, checks, and surveys. When time is of the essence, auction finance provides a fast and efficient solution, ensuring you can complete your purchase without delays.
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What Can You Buy with Auction Finance?
Finance offers flexibility for a variety of property types and land purchases. Depending on the lender, you can use it for:
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Residential properties
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Commercial properties
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Buy-to-let investments
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Development land
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Property renovations
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New-build projects
No matter the type of property you’re bidding on, auction finance ensures you’re financially prepared to act quickly.
How Does Auction Finance Work?
The auction process is fast-paced, leaving little room for delays. When you win a property at auction, you enter into a binding contract as soon as the gavel falls. This means you must complete the purchase within a set timeframe, often as short as 28 days.
Traditional residential mortgages, which involve pre-purchase surveys and detailed checks, are rarely suitable for auction purchases due to the time required. Auction finance, however, bypasses many of these steps, providing a streamlined, fast-track solution to secure the funds you need.
This type of loan is ideal for properties that may not meet traditional mortgage criteria, such as older buildings or those in need of significant renovation.
Loan Terms
How Much Can You Borrow and for How Long?
Auction finance typically offers Loan-to-Value (LTV) ratios up to 75%, though this varies by lender. As it’s a short-term financing solution, loan terms usually last around 12 months, giving you ample time to arrange a long-term mortgage or another financial arrangement to complete your purchase.
Next Steps
At Bradgate FS we aim to make choosing and applying for a mortgage, protection, loan or insurance as stress-free as possible.
Our experienced auction loan team is here to guide you through the process, ensuring you secure the right financing quickly and efficiently. We work with a wide range of lenders to find the best solution for your specific needs, allowing you to focus on the auction and your property goals.