Bridging · Auction
Auction finance
Funding lined up before the hammer falls, so your company can bid with confidence and complete within the deadline set by the auction contract.
How auction finance works
Under most traditional auction terms, exchange happens on the fall of the hammer and completion is due within a fixed period — commonly 28 days. Failing to complete can mean losing the deposit. Auction finance is a bridging loan arranged with that deadline in mind.
The best results come from preparation. Ideally we review the legal pack, agree indicative terms and instruct a valuation before auction day. That way, the lender can move to formal offer as soon as the hammer falls.
Typical uses
- Buying residential or commercial lots that need work before they can be mortgaged
- Acquiring land or development opportunities sold at auction
- Completing on a lot bought unexpectedly where the deadline is already running
- Buying properties with short leases, title quirks or vacant possession issues
What lenders will look at
- The auction legal pack and special conditions of sale
- The deposit and completion deadline
- The plan for the property and the exit from the bridge
- Any auction fees or buyer’s premium that must be paid alongside the price
Questions
Frequently asked questions
When should I contact you about auction finance?
What if I have already won the lot?
Does the lender lend on the price or the valuation?
Have a bridging deal in front of you?
Send us the headline numbers. We will tell you plainly whether it is fundable, how we would structure it, and what we would need to take it to lenders.