Are you looking for auction finance?
Buying a property at auction is very exciting but can be extremely daunting and confusing especially with the tight timescales they impose.
On the day of sale, if you are the highest bidder, you will supply a sizeable deposit (usually 10%) immediately and then you will be required to secure and pay the remainder of the funds within 28 days. If you fail to pay within the timescale, then you could lose your deposit, may be liable to pay the full amount and will be expected to foot the cost for the resale of the property at a forthcoming auction. Once you purchase a property at auction you are usually required to exchange contracts that day and have usually already put down a sizeable deposit to secure the property. You are then typically given 28 days to complete on the purchase. Due to the short timescales this is why specialist financing is required.
We have the knowledge and expertise to source and secure the right financing for you.
We can help with:
- Commercial Property purchases at Auction
- Residential Property purchases at Auction
- Residential Investment Property purchases at Auction
- Capital Raising prior to Auction on other assets
We also offer lots of other types of mortgages, for a full list check out our site