Auction Finance - Using A Mortgage To Buy At Auction

Описание: You may be wondering ‘Can I buy a property at auction with a mortgage?’ The short answer is yes. Buying at an auction is different from the traditional route in that you usually have 28 days to complete once the hammer falls and you’ve exchanged contracts. This means that you need a mortgage in principle in advance so that your finances are in place for a quick completion. You also need to find a lender who’s used to dealing with auction purchases and can process your mortgage quickly. That’s where we come in.

As experts in auction finance, we understand how quickly the process moves when purchasing a property at auction. Our specialist brokers ensure that you have your mortgage in principle before you attend the auction. They can also arrange a property valuation before the auction date. We work closely with lenders who handle mortgages for auction purchases so you can rest assured that your mortgage will be processed as quickly as possible.

Here, we’ll explain the auction timescales to choose from, how you can prepare in advance to save time with the mortgage process, the mortgage costs to budget for, the mortgage restrictions when buying at auction and short-term finance that you may wish to consider while your mortgage is being arranged.

For impartial advice on Auction Finance, simply give us a call on 01322 907 000 or send an email to [email protected] or an enquiry via our contact form. One of our mortgage experts will reply to you as quickly as possible with more information about Auction Finance and how it can help you get onto the property ladder.