How much can I borrow?
We can raise auction finance from £25,000 with no maximum loan size and fund up to 80% LTV (loan to value), or up to 100% with additional security.
If you’ve purchased the property undervalue, we may be able to fund 100% of the purchase price if there is sufficient equity. This is a specialist service, so it’s important that you have a conversation with an expert upfront if you wish to proceed in this way. Fill out our enquiry form to get started.
How quickly can I get terms?
We always issue terms within two hours, but if your application is urgent, we can usually issue terms within 30 minutes, if needed. We pride ourselves on working together with our clients, so if your need is urgent, just let us know.
How long does it take to complete?
We understand that although you have 28 days to complete the purchase after successfully bidding on a property at auction, it doesn’t always work out as planned.
No matter what your deadline is, we have access to lenders who provide a great personal service to allow a quick completion with no hassle. It can be especially simple for residential properties, especially where there is a lot of equity in the properties.
Where legal work and valuations are already complete, for instance, where a lender has withdrawn their offer late in the day, we have lenders with the capability to complete on the same day that you apply.
Try out our calculator, or head over and read our guide section for more information on buying at auction. Alternatively, complete our online enquiry form to get started straight away.
What properties can I borrow against?
We can consider almost any security, including the following:
- Residential Property
- Retail Units
- Property in a Poor State of Repair
- Semi-commercial Property
- Land With Planning
- Land Without Planning
- Leisure Complexes
- Guest Houses
- Care Homes
What rates can I expect to pay?
We can secure residential auction finance on a regulated or unregulated basis up to 80% LTV.
|Loan to Value
Finance for refurbishment
We can secure property for refurbishment, including title splits and conversions within 28 days and up to 70% of GDV (gross development value). Rates start at 0.44% per month.
|Loan to Value
Commercial property can be funded up to 75% LTV, with rates starting at 0.65% per month.
Valuation reports for commercial property can sometimes take slightly longer to be undertaken, meaning it’s important you get started on your application ASAP.
|Loan to Value
When you’re looking to secure a plot at auction, we can fund the acquisition and development. ABC can fund land up to 65% LTV and can usually achieve rates from 0.95% per month for smaller plots.
For larger plots with planning, where works commence immediately, we can offer full development finance from 5.65% over one month LIBOR.
Use our bridging comparison tool or submit an online quick enquiry for a conversation with an expert who can guide you through the process. Alternatively, get started with our simple calculator.