Property Auction Finance
Fast finance for auction purchases. Decisions in days, funds ready for completion.
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Can You Get Finance for Auction Properties?
Can You Get Finance for Auction Properties?
Yes – but you must arrange it before you bid.
Auction properties complete in 28 days (sometimes 20). The challenge isn't getting finance – it's getting it approved and funded within the deadline. Many auction properties also need work, which limits your options.
We work with specialist lenders who operate to auction timescales and fund refurb projects. We'll assess your property, secure approval, and ensure you have everything in place before you bid.
Going to auction without finance arranged is high risk.
Competitive Finance Rates
Flexible financing solutions designed for property auction purchases
- Monthly Interest Rate From
- 0.59%
- Subject to status and property valuation
- Maximum LTV
- Up to 75%
- 1st charge
- 2nd charge: Up to 70% LTV
- Loan Term
- 1 - 24 months
- Flexible repayment options
- Loan Amount
- £50K - £15M
- Minimum £50,000
- Setup Fee
- 2%
- Lender setup fee
- Other fees may apply
No obligation • Quick decision • Expert support
Why Us
Auction finance specialists
We understand auction timescales and unmortgageable properties. We know which lenders move fastest and work with properties needing renovation.
Speed when it matters
We prioritise auction purchases. We'll coordinate valuations, legal work, and lender requirements to meet your 28-day deadline.
No upfront fees. No obligation
You won't pay to explore your options, and you'll speak to a real person who understands complex situations.
Trusted When Your Mortgage
Really Matters
- £ 2.2 billion
- Total borrowing arranged
- 13,310+
- Mortgages approved
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Auction finance -
what you need to know
Why Is Auction Finance Different?
The 28-day completion deadline
When your bid is accepted, you exchange contracts immediately. You then have typically 28 days (sometimes 20) to complete and pay the full purchase price. Miss the deadline and you lose your deposit (usually 10%) and can be sued for costs.
Standard mortgages can't work to this timeline. They take 4-6 weeks from application to completion, and that assumes everything runs smoothly. Auction purchases need finance that can complete in 2-4 weeks.
Properties often need work
Many auction properties are unmortgageable in their current state - no kitchen, major disrepair, structural issues. Standard mortgage lenders won't lend on these. You need bridging finance that can fund purchase and renovation, then refinance to a mortgage once work is complete.
Valuation challenges
Auction properties can be difficult to value - unusual locations, poor condition, or lack of comparable sales. This can slow down or complicate mortgage applications even with fast-track lenders.
How to Arrange Auction Finance
Before you bid (recommended)
Get a Decision in Principle or bridging loan approved before auction day. This confirms you can get finance and how much. You know your maximum bid and can exchange contracts confidently. Lenders will want property details - most auction properties have legal packs available weeks before auction.
After winning
If you win without finance arranged, contact us immediately. We can arrange bridging finance in 1-2 weeks for straightforward properties. The legal pack and valuation process starts straight away. This is higher risk - if finance falls through, you lose your deposit.
What lenders need
Property details from the auction legal pack. Property valuation (arranged quickly after winning). Your deposit (usually 10%, paid on auction day). Your exit strategy if using bridging finance. Proof of funds for any additional costs.
Auction finance that moves at your speed
Speak to an Auction Finance Specialist Now
Completed my bridge in 4 days when my original lender let me down. Fast, professional, and saved my deal.
Auction Finance FAQs
Speak to a Real
Mortgage Expert
Mortgages are complex. The best way to understand your options is to speak to an expert—and we're here to help.
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Meet Some of Our Mortgage Specialists
Real people ready to help you find the right mortgage
Geoff Mossman
Bridging & Commercial finance specialist
Jordan Constanti
Bridging, BTL specialist
Lewis Mills
Mortgage and bridging specialist
Examples from our wider team of mortgage specialists
You don't need to choose — we'll connect you with the right adviser
Important Information: Auction Finance
Most auction bridging loans are designed for property developers and investment purposes and are not regulated by the Financial Conduct Authority. Where a mortgage is not regulated, you may have fewer rights and protections. Purchasing property at auction involves financial commitment and risk. Timescales or approval cannot be guaranteed. Please ensure you understand your obligations before bidding, as auction purchases are legally binding.
You must have a credible exit strategy to repay the loan by the agreed date, such as sale of the property, refinancing to a mortgage, or other confirmed funds. Failure to repay may result in additional charges, penalty rates, and potential repossession of your property. We strongly recommend you seek independent financial and legal advice before proceeding with auction finance.