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Auction House London offers you a range of finance options to assist in your next auction property. We understand the importance of financing options that suit every type of need for our buyers, including short-term financing and loans for auction properties. Auction House London are proud to partner with Together, who specialize in mortgages and loans designed with property auctions in mind. Find out more about our finance options below.
Buying a property at auction is a fast-paced process that differs significantly from traditional property purchases. It is so important things happen much more quickly, it is crucial to have your financing in place before bidding begins.
The main constraint is speed – on completion day, you need to pay the remaining balance within 28 days (or 20 days in Scotland). Traditional mortgage funding will often take much longer, which can prove challenging to meet.
To help you key into finance, we partner with Together Money, a lender specializing in short-term finance solutions. Their experienced team will work with you before, during, and after the auction, ensuring that your funds are in place when required. Together Money can finance a wide range of properties, from standard residential homes to unique opportunities, unconventional properties, and even building lots, without long-term contracts. Don't hesitate to reach out and make an enquiry today to ensure you are fully prepared when auction day arrives.
Whether you are interested in bidding on a residential or commercial property, or a plot of land, securing your finance in advance will ensure that by working with Together, you can arrange the short-term financing you need to confidently place your bids and complete your purchase. To find out more, please contact our expert team who would be happy to help answer your questions.
