Auction Finance

B2B Mortgage can organise speedy finance for auction purchases. In most cases no proof of income is required, simply proof of deposit funds. Our lenders can move fast allowing you to complete in the time required and avoid losing your deposit.

Get a Quick Quote for Auction Finance

Please complete this form and one of our Commercial Mortgage Advisors will call you to discuss your options.

1. Your Details

2. Business Details

3. Property Details

4. Loan Details

NACFB Member

B2B Mortgage is a full member of the National Association of Commercial Finance Brokers

No Obligation - Free Quote

Auction Finance

What is a Auction Finance?
Auction finance is designed to work with the timescales that the auction houses offer to complete the purchase of a lot. In most cases this is 6 weeks from the hammer, but some do only offer 4 weeks to pay the balance. Auction finance providers are aware of the need to move fast. They will either instruct a valuation quickly or visit the property themselves and come back with a decision usually within 7 days, but some lenders can even do this in 2 days!
What is the difference between a Auction Finance and a Commercial Mortgage?

Auction finance will give a purchaser time to buy a property, possibly renovate it and sell it hopefully for a profit, or to arrange long term finance (commercial mortgage). Unlike a Commercial Mortgage this type of funding doesn't focus on affordability of repayments as no repayments will be made until the end of the term when the full balance plus interest will be due. The focus is simply on the value of the asset and the loan made against it. To some extent the creditability of the property investor also plays a role. If you have completed many different projects then you are more likely to get lenders to extend the amount they will lend or reduce the cost of borrowing. We can help negotiate the best terms for you.
What are the rates?

Rates for bridging range between 0.65% - 2% per month, and interest can be paid monthly or added to the loan, with no monthly payments made for the duration of the loan. The maximum Loan to Valuation will vary between 50% - 75% depending on the property and risk involved. 100% is possible if you provide alternative security. You should be aware that in some cases lenders will only lend against the 90 day valuation, not the 'open market rate'.

Arrangement fees will vary depending on the deal proposed but are typically between 1% and 2% plus valuation fees and legal fees.
We are on Google+
Google+
Contact Us

Features

  • Have your funds within 7 days
  • Rates from 0.75% per month
  • Lender Arrangement Fees from 1 - 2%
  • Up to 80% Loan to Value (100% with additional security)
  • Min £50,000 - Max £5 Million
  • Min Term 1 Month - Max 24 Months
  • Property Types: Residential, Commercial, Semi-Commercial, Land
  • Previous Bad Credit Accepted
  • NO BROKER FEE
  • Award winning - 2015 Commercial Mortgage Introducer of the Year

Features

  • Borrow as an indivdual(s), Ltd Co or LLP
  • Individual borrower - rates from 1.67% over Bank of England Base (discounted)
  • Ltd Co or LLP - rates from 2.75% (lower possible for portfolio)
  • Up to 85% Loan to Value (15% Deposit or Equity Required)
  • Min Loan £3,000 - Maximum £40 million
  • Single property or Large portfolios
  • 2nd Charge Equity Release
  • Terms from 5 to 30 years
  • Capital and Interest, Interest-Only or Part & Part
  • Previous Bad Credit Accepted
  • No Minimum Income
  • NO BROKER FEE
  • Award winning - 2015 Commercial Mortgage Introducer of the Year

Moneyfacts Awards 2015 Highty Commended - Commercial Mortgage Introducer of the Year

Moneyfacts Awards 2016 Finalist - Commercial Mortgage Introducer of the YearMoneyfacts Awards 2016 Finalist - Commercial Mortgage Distributor of the Year

Loan Calculator

[£]
[%]

Results

Figures are a guide only and not a quote

Legalwebb UK Ltd T/A B2Bmortgage is authorised and regulated by the FCA for Credit Brokering including Consumer Buy to Let permissions. Ref: 734694


B2Bmortgage operates as a Commercial Finance Broker and is not a Lender. B2Bmortgage is a full member of the National Association of Commercial Finance Brokers (NACFB) under membership number
08/0045CM and operates under its code of practice.