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Auction Finance 

The ideal short-term lending facility for those wishing to buy property at auction, is Finanta's auction finance bridging loan.  Buyers should be aware that property sold at auction has highly restrictive timescales and deadlines – you’ll have just 28 days in which to complete your purchase, and there’s the 10% deposit that is payable on auction day too!  Don’t despair,  Finanta have you covered!    

Auction Finance Timeline

With our in-depth knowledge of the bridging finance sector, our highly efficient loan specialists will be happy to discuss your funding requirements and obtain financing for your auction purchase at lightning speed – we make an immediate decision, provide initial terms within 24 hours, and in most cases the loan process will complete within 14 days.

Lending Criteria

  • Loan to value (LTV): 80% maximum
  • Loan term: 3 to 24 months
  • Interest options: serviced, retained, rolled-up
  • Loan available in UK and Europe
  • Loan amount: £25,000+
  • Interest rates from: 0.45%
  • Exit strategy: sale or refinance*
  • For investors, homeowners, individuals

Key Features

No early repayment fees

Loans can be sanctioned within 48 hours

Option for dual legal representation

Adverse credit considered

Property Purchases at Auction

Whether you are looking to secure funding for land, commercial, semi-commercial or residential auction property, Finanta can provide an auction finance solution for the following types of transactions: 

  • Buy to let / investment property purchase
  • Change in planning permission to improve property value
  • New residential property, or home purchase
  • Development project
  • New business premises purchase
  • Property to flip (i.e. renovation, resell for profit)

Who can Apply for Auction Finance

Our auction bridging finance is available for individuals, trading limited companies and SPV (special purpose vehicle) limited companies.  We will also consider those with no credit, bad credit, CCJ’s, arrears and defaults, and can arrange this type of purchase at auction loan even if you have previously been declined funding elsewhere – our creative funding solutions are developed by a highly motivated team who guarantee we will find the right lender to meet your loan requirements and timeline.

Get in touch with the bridging finance experts at Finanta to guarantee funds will be available for your next property purchase at auction.  Call us now on 0203 780 7610

Bridge Loan Enquiry

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Jump-start your project

Talk to us today to discuss your short-term funding requirements.

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