Auction Property Finance

Speed – If the hammer has gone down you have bought that property regardless of the sector you are now subject to an auction contract, which means in most cases you have just 28 days in which to complete the purchase of your lot.

In an ideal world you would have spoken to us prior to the auction and we would have already got agreement to lend from a bank subject to survey. This means we have longer and can approach more lenders, it also means we are not putting the bank under unnecessary pressure keeping us in a strong position to negotiate good rates and terms. Rates and terms would be dependant on the sector you are interested in.

We are fortunate in having a couple of banks that we trust to meet the 28 day contract even if the hammer has already gone down, however please do not delay telephone now.