Finance to be used when considering purchasing at auction
If you plan on purchasing a property at auction, it is important that your finance solution is established before placing the bid. If your bid is accepted your have effectively exchanged contracts and have to hand over 10% deposit on the day, you are then required to complete within in 28 days and so it is imperative that you have the finance solution prepared ahead of the auction date. Bridging Finance is a suitable short term option, however, additional security may be required.
Our bridging finance specialist will be happy to discuss your plans and guide you through the bridging finance.
Bridging Finance is classed as specialist lending and is more expensive that traditional forms of borrowing.
Discuss your requirements with one of our bridging finance experts now, by calling The Money Bee or by submitting the form opposite.