When the hammer falls, the clock starts. Most auction purchases need to complete within 28 days. A standard mortgage cannot be arranged in that timeframe. A specialist bridging lender who understands the auction process can, and we work with the ones who actually deliver.
The difference between winning an auction purchase and losing your deposit often comes down to whether your finance was properly arranged before you walked in. Not a vague pre-approval. A genuine commitment from a lender who has looked at the property and confirmed they will lend.
We arrange short-term bridging finance that gives you the certainty to bid on auction property: residential, commercial and mixed-use. The bridge secures the purchase. Your exit is either a sale after refurbishment or a move onto a long-term mortgage once the property meets standard lending criteria.
The most important part of any auction finance conversation is the exit. If the property needs work before it is mortgageable, we need to understand the timeline and the budget before you bid. If you plan to refinance, we need to know that the exit product is available to you. Getting this right before the auction is the job.
We can review the legal pack, discuss the property's condition and the likely lender appetite, and give you a clear picture of what finance is available and at what cost before you register to bid. That conversation is free. It means you arrive at the auction knowing what you can spend and what you are committing to if you win.
Auction bridging is typically unregulated unless the property is intended for the borrower or a family member to occupy. The distinction will be made clear at the outset of any application.
If you do not complete within 28 days of the auction, you will typically lose your deposit and may face additional liabilities. Bridging finance is a high-cost, short-term product. A clear, realistic exit strategy is essential before you bid. Any rates or fees referenced are illustrative and depend on the lender, the property and the exit route.
Lender criteria varies and is subject to change. Property values can fall as well as rise. Past placements do not guarantee future outcomes.
If you are bidding at auction, whether for a buy-to-let, a refurbishment project, a commercial unit or a mixed-use building, the finance has to be in place before the gavel falls. We work with regular auction buyers and first-time bidders alike.
Don't bid first and figure out the finance after. Talk to us first.
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