Auction property buying guide for residential property.
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Get in touch with us several ways.
There are a plethora of ways to actually get in touch to find out more about our private, independent lending service. You can call us by telephone, send us an email, enquire online or shout really loudly.
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We will value your home to determine loan.
When we arrive we will conduct a private, external survey of the building. After completion we need access to the inside so that we can proceed with the internal survey and general viewing.
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Get an offer of finance almost immediately.
From the valuation and the information you give us about any outstanding mortgage or other loans secured on the property, we can ascertain just how much, or if we are able to lend to you.
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Accept & we transfer funds instantly.
As long as all paperwork is present and correct, we can transfer funds to your personal, business or any nominated bank account instantly. We can also work to a specific date if required.
Or call: 0845 475 1814
Auction property buying guide for homeowners.
Flats or apartments.
We offer several types of funding that can be used to purchase an apartment, flat or flats at a property auction. whether you are buying the abode for yourself to live in, or it's something to renovate, or even a house or building that you are going to renovate, feel free to give us a call under no obligation to see if we can marry your needs to a finance package. Call us today,
Terraced houses.
Terraced housing are plentiful at the auctioneers. If you are thinking about buying one for your own purpose, or looking for a bargain to renovate and or refurbish, we can offer short term property loans that can be used as the capital to make your purchase. If the building or plot of land that use as security has ample equity in it, your auction finance could extend to the refurb. Call us today.
Semi detached house.
Bridging loans can be used to purchase a semi detached home through one of the many property auctions that go on regularly throughout many locations with the UK. A property investment or to ive in, we can help you out with the short term financing aslong as you have equity in the property you are buying or another you owe. Be mindful, the purchase price is the valuation.
Detached properties.
A detached property in disrepair or ahome that is up on the auction due to a repossession. Which detached house you would like to bid on at a property auction, we can offer a very quick decision on bridging finance so you know the funds are available to bid. Please be advised though that if you are using the auction property as security, the buying price is the valuation.
Buying a new home through a property auction.
Most property auctions do not let you conduct any type of survey on any property that is under the hammer. It's simply a game of hit and hope. You might be fine, or in some cases extremely unlucky. There are rough guides to help you shop better though to better aid your choice of a cheap bridging loan from us.
Firstly, have a drive about the area. Check to see if any of the same style properies are having any building work undertaken. Not necessarily extensions or conservatories, but general building work, i.e. roof or tile replacement, or if their are damp proof coursing vans in the area. You tend to find that house built at the same time, we need reparation roughly around the same time.
If you do bump into any builders or tradesmen working in the locality, have chat. Explain you are thinking of buying in the area. Fact find about what they are working on at that moment in time.
Get a quote on bridging finance from us.
Call on our local rate 0845 475 1814 from a land line or call 0203 287 7169 from your mobile or request a call back by using the quick contact form on the right hand side, or just below depending on whether you are browsing on a PC or mobile device. Alternatively, click the button for our full on enquiry form.
Check house prices sites like purple bricks and the likes. This can give you an idea of what you could expect the property to be valued at once you hve purchased and titivated it up.
If you can, speak to local residents, pop in the local pub and have a chat with locals. They might have some good history about the property you are interested in bidding on.
The more information you have on a lot, they better placed you are to know what to budget on the spend.
Finally, once you are at the auction, do not bid more than you can afford. If you do win, make sure you hve an emergency fund set aside. You never know when some emergency repairs of hold in planning permission or legalities arise. best to be prepared and not need the fund than not have it and need it. Good luck with bidding!
Contact us for a competitively interest rate on all short term secured finance. Call to on 0845 475 1814 or you can click below to apply online, or you are able to call us up from your mobile phone on the landline number 0203 287 7169 or request a call back by using the quick contact form on the right or directly below this block, still without being under any obligation to accept any offer presented to you. Alternatively, apply online by clicking the button.
Quick contact form
Valuations.
Please be advised, that we will need access to any property being used as security to have an indepth valution undertaken by a local surveyor in your or the properties area, This is make sure that LTV is ample enough for us to lend bad credit or not. We can take multiple properties as security.
Surveys.
All our surveys are conducted by a local surveyor. Both internal and external surveys are needed so that we can have an impartial, third party valuation as a base point for lending you a bridging loan, or any other form of second charge finance we can offer. You can get a second opinion on any valuation.
Legals.
The legalities can be sorted by our own panel of independent solicitors or you can use your own legal counsel to make sure all paperwork is present and correct. The legal stuff is there to protect both you and us. A bridging loan is not released until all paperwork is signed correctly.