Auction finance, also known as auction bridging finance or auction property finance, is a type of short-term financing solution designed to facilitate property purchases at auctions.
LTV up to 70%
LTV up to 75%
LTV up to 75%
LTV up to 80%
When purchasing a home under the hammer successful purchasers are typically required to pay a deposit immediately after winning the bid, typically ranging from 5% to 20% of the property’s purchase price. Additionally, full payment of the remaining balance is typically required within a relatively short period, often within a few weeks from the auction date.
Auction bridging finance offers several advantages, making it an attractive option for individuals and businesses participating in property auctions.
Traditional mortgage processes may take too long to complete, making them unsuitable for the fast-paced nature of property auctions. For this reason, we offer a short-term solution to quickly finance auction properties.
It provides prospective buyers the necessary funds to participate in property auctions and secure properties quickly, often within tight timeframes.
One of the primary advantages of auction bridging finance is its speed and flexibility
Auction finance provides short-term funding, with loan terms ranging from a few weeks to a few months
Provides borrowers with flexibility and control over their financing arrangements.
Auction finance enables participation in property auctions without being encumbered by sale contingencies.
Auction finance enables investors to act quickly and confidently, providing the necessary funds to participate in auctions and make competitive bids
Commercial properties, such as office buildings and retail spaces are frequently sold at auctions. Investors looking to expand their portfolios can rely on auction finance to secure properties effectively.
Auction finance provides developers with the capital needed to purchase properties and initiate development plans and benefit from the flexibility and speed of auction finance to fund their ventures and maximise returns.
Individuals or companies engaged in property flipping can leverage auction finance to acquire distressed properties, renovate them, and sell them for a profit without traditional lending.
A common misconception is that bridging loans are only used when purchasing property at auctions or when buying a new property before you have sold our existing one. Whilst they can be used for these pruposes, they can also be utilised in other scenarios too, including when tradtional mortgages aren’t suitable or when a business has been suffering financial difficulties and their existing lendor will not lend any more funds.
Choose Bluecroft Finance for your bridging loan and experience unparalleled speed, flexibility, and accessibility. We provide quick approval and funding, tailored to meet the needs of unique circumstances. Whether you’re a property developer, investor, or business owner, our transparent rates and terms ensure clarity and peace of mind.
When time is of the essence
We’ll guide you through the process
An alternative to traditional lending
To help you when you need it most
Bridging finance offers speed, flexibility, and accessibility, making it a powerful tool for individuals and businesses alike. With quick approval processes and tailored repayment options, bridging loans are ideal for urgent financial needs such as property purchases or temporary cash flow issues – get in touch with Bluecroft and we’ll be in touch to help you unlock your funding today.
