Auction finance
Finance for commercial, semi-commercial and investment property bought at auction, arranged for limited companies and LLPs and built around one date: completion.
The best time to speak to us is before you bid. Tell us the lot and who is buying, and we will tell you whether we think it is fundable and what a lender will need.
Bidding this week? Call 0161 710 3590.
From guide price to completion
Know your funding route before you bid
Before you bid
Tell us the lot
Send us the lot, the guide price and the company that is buying. We tell you early whether we think it is fundable and what a lender will need, so you set your limit with the funding in mind.
Auction day
Bid with a plan
You know which route the purchase is taking before the bidding opens. If the hammer falls to you, the deposit is paid and the completion date is fixed, typically 28 days away.
To completion
We run the timetable
We place the facility and manage the valuation, the lender and the solicitors against the completion date, keeping you informed throughout.
Afterwards
The exit
Where the purchase completed on a bridge, we can arrange the refinance onto a commercial mortgage or other term facility once the property is ready.
Two routes to completion
An auction purchase is funded by a bridge or by a commercial mortgage. Which one depends on the property, the timetable and what you plan to do with it.
Bridging
£100k to £50m+ · 1 to 24 months · non-regulated
Short-term finance that can complete in days where the valuation and legal work allow. It suits property that needs work, a change of use or a fast completion, with the exit by refinance or sale agreed at the start.
Commercial mortgage from day one
to £50m+ · to around 75% LTV · 5 to 25 years
Some of the term lenders we work with will complete to an auction timetable. Where the property is already let or ready to trade, going straight onto a commercial mortgage can avoid the cost of a bridge and of refinancing later.
Ranges are typical and subject to lender criteria and status. Limited companies and LLPs only.
What a lender will ask for
- The lot: the address, the guide price and the legal pack
- The company or LLP that is buying, its directors and its latest accounts
- For a new company, the directors' experience and other assets
- The deposit and where it is coming from
- The plan for the property: hold, refurbish, let or sell
- For a let property, the tenancy schedule
Who it is for
Limited companies and LLPs buying commercial, semi-commercial or investment property at auction.
We do not arrange finance for individuals, or for a property you or your family will live in. Where that is what you need, we introduce a regulated specialist and tell you in writing if we receive a fee.
A winning bid is a binding contract whether or not finance is in place. See Auctions in our terms of website use, including our connection to an auction house.
What it could look like
Choose the finance, move the sliders, then tell us who you are. We will come back within one working day with the real options.