Property Auction Finance

With typically four weeks to complete post auction date, BFS regularly fund transactions whilst long-term funding is arranged or properties refurbished.

More Info Below

When you bypass estate agents and buy property at auction, you'll often find more potential to make a profit. Once the hammer falls, it typically takes a buyer just 4 weeks to complete. However, to bid with confidence at auction, you need one thing above all else: peace of mind that the necessary funds will be available on time.

As the long-standing, preferred partner of some of the UK’s leading auction houses, BFS understands the challenges of buying at auction and takes a pragmatic and flexible approach to find you a funding solution, providing pre-agreed decisions in principle before, during and after a property auction.

With a demonstrable track record funding auction purchases, rest assured BFS can fund your auction transactions whilst long-term funding is arranged. Our team has more than 200 combined years of property and lending experience which enables us to make decisions quickly and consider circumstances other specialist lenders can’t.

 

How much does auction finance cost?

As with most areas of finance, cost, along with service, trust and deliverability, is a major factor which should be considered. An incorrect choice at the start can lead to a short-term finance contract becoming very expensive further down the line.

Our role at BFS is to ensure you have absolute clarity at the beginning of your journey with us, that you understand all fees and costs associated with the contract and have a firm answer to all your “what if’s”. It is only when we are at this stage that we formally proceed.

As a principal lender, we can assess deals extremely quickly. Our dedicated team will work tirelessly with you and your solicitor to ensure your auction finance is in place within 28 days. Please contact us and speak to one of our experienced and friendly team to discuss your specific circumstances.

 

Make it happen

Please contact us and speak to one of our experienced and friendly team to discuss your specific circumstances.

Lending Criteria

Minimum loan

£25,000

Maximum loan

£2,000,000

Maximum loan to value

70% OMV

Loan term

1 day to 24 months

Upfront fee

None

Product fee

None

Exit fee

None

Expiry fee

None

Redemption fee

None

Hidden costs

None

We are a principal lender which means that we work with our own money and do not need to consult any third parties before completing a transaction.

We have years’ of experience and a proven track record in funding schemes from £25k to £2m. This is why we can make you an offer within hours – and draw funds in days, not weeks.

BFS is regulated by the Financial Conduct Authority (FCA) which demonstrates our reputation as a responsible lender.


auction finance

Want to apply for auction finance today?

With BFS to support them, buyers can bid with confidence at auction. Our dedicated team work tirelessly with you and your solicitor to ensure there are funds in place in plenty of time.

Got questions? speak to our team

call us on
0151 639 7554
or start online
Apply Now