What You Need After the Auction
When the hammer goes down at auction, you are usually expected to pay at least a 10% deposit on your new property straight away, then the balance of the purchase price within 20 days.
The time to complete the transaction may be sooner depending on what your contract states. We will work to the timescales you need.
Many people turn to us after a bank has let them down at the last minute, or if their personal finances cannot cover the full cost of their new purchase. Whatever your situation, we will find a financial solution that works for you.
A Success Story
One of our many success stories includes a customer who wanted to purchase a property at auction.
He knew that it was a sound investment but that it needed a lot of work, so we looked into how much the property would cost to renovate and told him about the credit we could provide him with. This meant that he went to auction knowing he had the finances he needed. Our customer was successful and secured the property two weeks after the auction, which meant that he could begin the much-needed building repairs quickly.