You can now finance auctioned properties and there are loans available for them.
Buying property at an auction is now easy! We will help you achieve your dreams!
When it comes to buying a property at auction, one of the main things to consider is whether or not you will be able to obtain the funding. This can vary depending on the type of auction and the property itself, so it is important to do your research in advance. If you are planning on bidding on a property at auction, you should first contact a few different lenders to see if they would be willing to provide you with the required loan. It is also a good idea to get pre-approved for a loan before the auction so that you know how much you can afford to bid.
You should also be aware that some auctions require buyers to pay cash deposit, so you will need to have the funds available upfront if this is the case. If you are successful in winning a property at auction, the next step will be to arrange a valuation and survey of the property. Once these are completed, you can then start the process of applying for a loan.
A mortgage may not be well suited for an auction purchase as the property could be unmortgageable from a standard lending perspective or the time required to get an approval could be a couple of months. Auction finance can bridge this gap with a quick desktop valuation and funds released within weeks if not days.
Finspace Group can provide tailored financing solutions for your next property development project. We offer a full range of flexible residential and commercial bridging loans, with competitive interest rates and no hidden fees or charges.
We provide solutions with our fast and efficient auction finance services. We have a team of experts that provide customised solutions and flexible repayment options to suit your needs. Our unique approach to auction finance, allows us to offer competitive rates, low upfront costs, minimal paperwork, and quick decisions. All this makes us the go-to choice when it comes to auction finance solutions!
Finspace offers a more flexible approach to financing than traditional brokers. We can offer tailored solutions that are more competitive and sensitive to your project needs. With our auction finance, you can benefit from competitive rates, fast decision times, and access to our large pool of both private and institutional investors.
Simply tell us a little about your business and we’ll be in touch to talk through
possible solutions tailored specifically to you
Simply us a little about your business and we’ll be in touch to talk through
possible solutions tailored specifically to you.
As a new start-up developer, with a clear focus on delivering high-quality, contemporary homes that support the drive to mitigate climate change we have been extremely well-supported by [Finspace], as we looked to navigate the wealth of finance options out there in the market.
Despite all the complexities, (Finspace) were able to secure a lender to enable us to commence our project immediately.
The line of communication is always open regardless of the day, night, or weekend, valuing the client’s needs over and above everything else. We are looking to do another project (with Finspace) and we have no hesitation in commending them.
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