Property Auction Finance – Be The Owner of Your Property!

  • Adverse credit considered
  • Residential and commercial properties
  • No upfront or early exit fees
  • Quick to secure funds

Auction Finance is a form of short-term bridging finance used for buying property at auction, specifically to complete a fast transaction – usually within 28 days.  You will typically need to pay a deposit of 10% on the auction day. Auction loans can be taken out for residential or commercial properties, land and properties which are in a poor state and in need of renovation.

 

It is a short-term property-backed finance option that can be arranged rapidly, making it a great solution to funding auction purchases where you are given a short timeframe to complete. Property developers and investors can take benefit from auction finance by securing an auction bridging loan in advance of the property auction.

Benefits of Auction Finance include:

 

  • Quick turnaround times
  • Terms of up to 12 months
  • Funds released in a few working days
  • Access to over 130+ lenders
  • Adverse credit and CCJs can be considered
  • Used for residential/commercial properties

Check Your Rates

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Why Work With Us?

PropertyFinanaceCompare.com is a team of professional brokers, not lenders. We become a bridge between borrowers and lenders to enter into different types of loan agreements, including both secured and unsecured loan agreements. 

Reliable property development loan comparisons that you can trust. It is always nice to know that our clients are on the right track. What makes us different

 

What makes us stand out from our competitors?

Property finance compare has become a staple form of a brokerage firm that can help clients in almost every commercial property purchase or redevelopment project. The designed financing option help developers to quickly access the funds and compare rates needed to buy various types of commercial property until they are rented sold or refinanced under another mortgage form. 

What is property finance compared for?

In simple words, businesses that are looking for flexibility and growth. We are now working with many property developers, allowing them to compare different funding options and quickly access funds.

What are the benefits of working with us?

Tailored financial advice24/7 customer servicesReputation in the UK property development industryRelationships with a number of top lendersSuccessful project completion records

What’s difference b/w a lender and a broker?

A lender is a financial institution that makes a loan directly to you. A broker does not lend money.

FAQs

Why choose a property auction loan?

Our team has expert knowledge and access to the short-term lending market meaning we can meet a variety of needs of property developers and landlords.

  • In many cases, high street lenders will turn an application down. Our brokers know which lenders to approach to get you the terms you need.
  • If you’re a first-time property investor, you may find it difficult to get the loan you need on attractive terms.
  • From start to finish, your dedicated broker will guide you through the process 

What is the duration of the process to be approved for a property finance loan?

The approval of a loan can take from 1-3 weeks, depending on the complexity and paperwork associated with the transaction. At Propertyfinance compare, our expertise ensures everything is properly organized so you get all the funds you need, hassle-free.

Can I get finance for a commercial property at auction?

Yes, auction finance allows you to buy commercial property. Auction finance enables you to take advantage of the opportunity

What types of commercial properties can be financed at auction?

If you’re a business owner, you might use auction finance to finance new commercial properties, such as a shop, restaurant, office or industrial unit.

Can I use a commercial mortgage broker to obtain auction finance?

It is an ideal option to seek help of commercial mortgage broker because they are best at what they do and give you ideal solutions.