London Auction Bridging Loans- Best Auction Loan Quotes from 0.45%

Auction Bridging Loan quotes to provide the pre-qualified peace of mind you need to bid confidently and complete your purchase swiftly. Rates from 0.45% per month.

What is an Auction Bridging Loan?

Imagine finding your dream property at auction, only to face the challenge of securing funding within the tight timeframe (typically 14-28 days). Conventional mortgages often fall short due to processing delays or ineligibility for non-habitable properties. This is where Auction Finance steps in as a bridging loan, specifically designed for fast and flexible financing of auction purchases.

Key Features of Auction Finance:

  • Pre-Qualification: Gain confidence before the auction by getting pre-qualified. This ensures you know your maximum borrowing potential and eliminates funding uncertainty. 100;s of lenders compared with exclusive rates from 0.45% to 1.5% per month (Dec 2024).

  • Speed and Efficiency: Access funds quickly to meet tight auction deadlines, typically within 14-28 days.

  • No Valuations: Some lenders don't require valuations for residential auction purchases, saving you time and money.

Unlocking Your Auction Potential:

  • Eligible Properties: Residential & commercial properties, including non-habitable ones.

  • Flexible Repayment: Repay via property sale, refinance, or other means depending on your plan.

  • Transparent Process: We provide clear communication and competitive rates with no hidden fees.

What We Need to Get Started:

  • Basic Information: Buyer details, property address, auction particulars.

  • Plans and Intentions: Briefly describe your vision for the property.

  • Repayment Strategy: Explain how you plan to repay the Auction Finance loan.

Downside of Bridging Loans

  • Higher Interest rates: Bridging loans typically have higher interest rates than traditional mortgages due to increased risk for lenders.

  • Monthly Interest charges: Unlike mortgages with APR (Annual Percentage Rate), bridging loans have interest charged monthly, which can add up quickly.

  • Short term needs only: These loans are only appropriate for situations where you need quick financing for a short period and have a clear repayment plan in place.

Get in touch.

Get a free no obligation quote. If you’re getting ready to put in an offer at auction fill out our short contact form and one of our specialist auction finance team we will contact you to get your quotes as soon as possible. We will often call within minutes.