Buying a property at auction is very different to a typical property purchase. Completions happen much faster, so it often pays to arrange your finance before the auction. most auction houses do not offer financing options, so you will need to have access to cash before the event. You can get a decision in principal before you attend the auction, and have peace of mind that the deal is there waiting for you if you choose to make a purchase.
Friends Capital have existing relationships with specialist auction finance lenders and are experts in arranging auction finance. We can help you find the best possible mortgage deal. We will review your personal circumstances and then search the entire market to ensure you get the best mortgage rates possible. We will then deal with all the paperwork, submit your mortgage application, liaise with your mortgage lender and solicitor, and ensure that your mortgage application is completed as quickly as possible. We can:
You can find amazing deals on property at property auctions. Planning ahead by reading property auction brochures online, and have an approximate figure of what you want. Auction Financing can help in the following ways:
Friends Capital have existing relationships with auction financing lenders. We can search the entire market and get access to the best and most exclusive deals available. Then we will choose the deal that are most appropriate to your personal circumstance. We can:
One of our friendly advisors will either call you back within 24 hours (usually the same working day), or will take details from you in order to best deal with your situation.
When you speak with us, we will take a ‘fact find’. At this stage we take basic details about your situation. We will then search the whole of the market and find you the best deal available.
If you are happy with the deal that we offer, we will then contact the lender for you and get you what is called a ‘decision in principal’.
If you’re happy with the decision in principal then we will secure this deal for you and deal with the application for you on your behalf.