If you are looking to purchase a property at auction and would like to arrange a meeting with one of our auction finance advisers, then fill out our form and an adviser will get in touch with you.
Contact an adviser for expert auction finance advice.
Buying property at auction can be a great way to secure investment opportunities below market value — but speed is everything.
Once your bid is accepted, you’ll usually need to pay a deposit immediately and complete the purchase within a strict deadline, often 28 days.
This is where auction finance can help.
At Veracity Financial Planning, we work with specialist lenders to help property investors and developers secure fast, flexible finance for auction purchases.
Preparation is one of the most important parts of buying at auction.
Before bidding, it’s important to understand:
In most cases, you’ll need 10% of the purchase price available on the day, with the remaining balance due within 28 days.
Having finance in place beforehand can reduce risk and help you bid with confidence
Traditional mortgages can sometimes be used for auction purchases, but they are often too slow for tight auction deadlines.
Auction finance is designed for speed.
In many cases, funds can be arranged within days or weeks, helping you complete on time and avoid losing your deposit.
This can be especially useful when purchasing:
Auction finance is usually assessed differently to a standard mortgage.
Lenders will typically want to understand:
Your exit strategy is one of the most important parts of the application. This could involve selling the property or refinancing onto a longer-term mortgage.
Many auction purchases involve properties that need improvement before they can be sold, let, or refinanced.
Auction finance can often be used alongside refurbishment funding, allowing you to carry out works and add value to the property.
This is common for investors looking to purchase below market value, improve the property, and refinance onto a buy-to-let or standard mortgage once the work is complete.
Auction finance is typically more expensive than a traditional mortgage, but the speed and flexibility can often make it worthwhile.
Costs may include:
We’ll help you understand the full costs upfront and compare lenders to find the most suitable option for your project.
Not all auctions work the same way.
Traditional auctions usually require completion within 28 days.
Modern method auctions can allow longer timeframes but often involve reservation fees and different terms.
Understanding which type of auction you’re buying through can have a big impact on the finance options available — and we can help guide you through both.
We’re proud to support our clients through every stage of their property journey. Here’s what some of them had to say about working with us.
Looking for trusted financial planning, investment advice, pension guidance or mortgage advice? Our team is here to help you make informed financial decisions with clarity and confidence. Arrange an initial consultation with one of our advisers today.
Whatever you’re looking for, Veracity Financial Planning has got you covered.
2b Thackeray’s Lane,
Woodthorpe,
Nottingham,
NG5 4HP
For Pension & Investment advice email:
financialadvice@veracityfp.co.uk
For Mortgage advice email:
mortgageadvice@veracityfp.co.uk
0115 967 0888
