Auction Finance

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.

Other Types of

Auction Finance

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Legal Information

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOAN SECURED UPON IT.

 

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.  REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. 

 

 

The Money Bee, which is a trading style of Mortgage and Loans Limited, based in Stafford, (Financial Services Register number is 757812).

Terms and Conditions

There may be circumstances where we need to charge a fee.  In these instances, we will notify you at an early stage which could be £125 upon application and an arrangement fee up to £495, or £995 for specialist mortgages, on receipt of the mortgage offer.

 

Parkfield Business Centre, Park Street, Stafford, Staffordshire, ST17 4AL

Telephone 01785 878 555

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Parkfield Business Centre, Park Street, Stafford, Staffordshire , ST17 4AL