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Auction Finance Made Simple: Get the Finance You Need, Fast!

Secure the funds you need quickly with our flexible auction finance solutions. Benefit from automated valuations, competitive rates starting at just 0.55% per month, and fast approvals. Whether it's a residential or commercial property, we offer bridging or term options tailored to your needs. Let us help you win that bid with confidence!

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What is Auction Finance and How Does It Work?

What is Auction Finance and How Does It Work?

Auction finance is a fast and flexible bridging loan designed to help you complete property purchases at auction within the tight deadlines typically required. Most auction purchases must be finalised within 28 days, making it difficult to secure traditional financing in time. Auction finance steps in by providing the necessary funds quickly, allowing you to meet these deadlines seamlessly. 

Typically, you’ll be expected to pay a 10% deposit immediately, along with auction fees if your bid is successful. The beauty of auction finance lies in its flexibility and pre-arranged nature. Even with properties often valued in six figures, auction finance can secure funding ahead of time, giving you peace of mind before you enter the auction.

Flexible Auction Finance for Any Property Type

At Auction Finance, we provide tailored auction finance solutions to help you secure a wide range of property investments—quickly and efficiently. Whether you’re looking to invest in residential properties like HMOs and multi-lets, semi-commercial spaces, commercial units, or even land, we’ve got you covered.

We pride ourselves on a flexible approach, lending on properties that others may consider ‘unmortgageable.’ From ex-council flats to high-rise developments, we keep an open mind, offering fast, reliable finance even when other lenders turn you away. Let us help you secure your next auction property with confidence!

Categories

Auction Finance
Bridging Loans
Commercial Mortgage
Development Finance
Second Charge
Secured Loans
BTL Mortgages
HMO Mortgage

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Options to Secure Your Auction Investment

Once you’ve successfully bought a property at auction, you’ll have up to 12 months to repay your auction finance. You can either sell the property or refinance it with a long-term mortgage, ensuring financial flexibility. At Auction Finance, we can help with this process, offering tailored refinancing options to suit your investment goals.

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Buy-to-Let Mortgages

Ideal for residential investment properties, enabling you to secure long-term finance while generating rental income.
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Commercial Mortgages

Designed for semi-commercial, commercial properties, or land purchases, helping you transition to long-term ownership.
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Maximise Auction Opportunities

Auction properties often sell for up to 30% less than through estate agents, making them great for bargain hunters and investors.
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Less Competition

With fewer buyers than in traditional sales, you’ll have a better chance of securing the property you want.
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Transparency in Bidding

You can see and respond to bids in real time, giving you full control over your auction strategy.
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Flexible Bidding Methods

Bid by proxy, phone, or online—ensuring you can participate, no matter your circumstances.
Secure Your Financing with Our Expert Help – Avoid Costly Penalties!

Secure Your Financing with Our Expert Help – Avoid Costly Penalties!

At Auction Finance, we understand the urgency of securing your total purchase cost before entering the auction room. That’s why we’re here to help you arrange your mortgage in advance, ensuring you’re fully prepared to bid confidently. With our swift financing options, you can complete your purchase within the required 30 days after winning your bid, allowing you to focus on the auction itself.

We’ll guide you through the process, ensuring you have the necessary funds available for the 10% deposit as soon as your bid is successful. By partnering with us, you can avoid the severe penalties associated with incomplete purchases, including potential resale costs and daily interest. Let us support you in getting your finances ready, so you can bid with peace of mind and secure your next investment!

Here’s what you can expect:

  • Max LTV: Up to 85%
  • Interest Rate: From 0.55% per month
  • Charge Types: 1st, 2nd & 3rd charges considered
  • Term Length: 1-36 months (maximum 12 months for regulated loans)
  • Interest Type: Added to the loan, deducted, or serviced
  • Completion Timescale: 5 days – 3 weeks
  • Criteria: Residential, commercial property, or land accepted
  • Who Can Apply: Individuals, partnerships, LLPs, Ltd companies, offshore companies, foreign nationals, and pension funds
  • Minimum Age: 18 years (no maximum age)
  • Availability: Open to England, Scotland, Wales, and Northern Ireland
  • Adverse Credit: Accepted on a case-by-case basis

Diverse Financing Options for Every Investor

At Auction Finance, we offer a range of flexible financing options designed to suit various property investments. Our auction finance solutions allow you to leverage up to 85% Loan-to-Value (LTV), with interest rates starting from just 0.43% per month. We consider first, second, and third charges, providing terms from 1 to 36 months, ensuring you have the right support for your investment. Our completion timescale is swift, ranging from 5 days to 3 weeks, so you can act quickly when opportunity knocks.

Why Choose Us for Your Auction Finance Needs?

At Auction Finance, we’re dedicated to making your auction financing experience seamless and successful. Our expertise and tailored approach ensure that you have all the support you need, from the initial planning stages to securing the right funding for your property. By following our step-by-step guidance, you can navigate the application process with confidence and clarity.

Comprehensive Planning Assistance

We help you identify your ideal property, understand your budget, and determine how much you need to borrow, ensuring you’re fully prepared before applying.

Document Preparation Support

Our team will guide you in gathering essential documents, such as your exit strategy, proof of deposit, and refurbishment plans, to streamline your application process.

Expert Broker Guidance

Speak with our experienced auction finance brokers who specialise in this area. We’ll discuss your unique circumstances and options, maximising your chances of securing the best deal.

Tailored Product Selection

We assist you in understanding and selecting the right auction finance product, considering the overall cost and potential hidden fees, so you can make an informed decision.

Frequently Asked Questions

01: Is auction finance right for me?

Auction finance may be the ideal choice if you want to buy a property at auction but have your working capital tied up in existing investments. It also works well for expanding your property portfolio, even if most of your capital is committed elsewhere. Keep in mind that your credit history will be considered when applying for bridging finance.

Yes, if your business can meet its financial obligations, it’s eligible for auction finance. Whether you’re a sole trader, partnership, limited company, or start-up, we offer various financing options to suit your needs.

In addition to the interest on your loan, you may encounter several fees:

  • Lender Arrangement Fee: Typically 1-2% of the loan amount, paid on completion, and often added to the loan.
  • Lender Exit Fee: May apply when repaying the loan, usually equivalent to one month’s interest.
  • Broker Fees: While we don’t charge for arranging auction finance, some brokers do, generally between £500 and 1.5% of the loan amount.
  • Valuation Fee: May include costs for a chartered surveyor’s inspection, though electronic valuations can save you money.
  • Legal Fees: Costs for solicitors handling the legal work, covering both your and the lender’s legal expenses.

Yes, auction finance is a fast way to secure funding for your property purchase. Applications typically complete within 5 to 21 days, with many being finalised in 7 days or less where possible.

  • Auction Finance specialises in structured financing solutions for property auctions. Our expert team prioritises a client-focused approach, offering competitive rates and flexible options for quick and efficient funding. Whether you're bidding on residential, commercial, or land, we are committed to supporting your auction success.

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  • THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
  • YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
  • We are a credit broker not a lender.
  • The FCA does not regulate most Buy to Let mortgages.
  • Authorised and regulated by the Financial Conduct Authority FCA reg. 994617.
  • 5 Century Court, Tolpits Lane, Watford, WD18 9PX. Registered in England, No 14667048
  • We always aim to provide a high-quality service to our customers. However, if you encounter any problems and we are unable to resolve them, you can take your complaint to an independent ombudsman. Our advice is covered under the Financial Ombudsman Service.

(C) 2025 Auction Finance is a trading name of Mortgage Knight Ltd

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Loan Application
Loan Requirements
Security Being Provided
How many properties do you wish to provide as security?
Terms & Conditions
  1. I/We confirm that all information provided is true and accurate to the best of my/our knowledge.
  2. I/We authorise you, or any third party to whom my application is submitted, to carry out credit searches with licensed credit reference agencies.
  3. I/We agree that any third party may share the results of these searches with you on my/our behalf. I/We understand that the information provided may be disclosed to credit reference agencies, which may retain a record of the search. This information may be accessed by other lenders to assess applications from me/us or other members of my/our household. Additionally, this data may be used for debt tracing and fraud prevention purposes.
Our Commitments
  1. Credit Broking Services: We will act as your Credit Broker to assist in securing a loan or finance arrangement.
  2. Consumer Credit Act Compliance: Any loan or finance agreement ("Loan Agreement") we facilitate will comply with the Consumer Credit Act 1974 ("the Act"), which provides important protections for borrowers. Agreements must meet the requirements of the Act, failing which they may not be enforceable without a Court Order.
  3. Personal Information: We will request and process your personal data in line with GDPR regulations. You will need to review and sign our Customer Privacy Notice to confirm your consent for us to process your data.
  4. Marketing Consent: We may contact you via telephone, email, SMS, or instant messaging to provide details of products or services that may interest you. To receive such information, you must complete our Customer Marketing Consent form. Without your consent, we may be unable to share updates on relevant products and services in the future.
  5. Automated Decision-Making: To process your application, we or our associate companies may use credit scoring and automated systems to assess applications, make decisions, and verify identities. This includes searches with credit reference agencies, fraud prevention agencies, employers, and the electoral register. Agencies may retain and share this information with other organisations, and joint applications may create links between your financial records.
  6. Accuracy of Information: It is essential that you provide accurate information. Any false or misleading details may be recorded with fraud prevention agencies, potentially affecting your credit record. We reserve the right to reclaim losses incurred due to inaccurate information provided by you.
  7. Joint Applications: If you are applying jointly, both applicants are jointly and severally liable for all obligations in the application. Where one applicant discloses financial associations, they confirm their authority to share information on behalf of the other. Joint applications may result in linked records at credit reference agencies.
  8. Authority to Act: If you authorise another person to provide instructions on your behalf, any action taken based on their instructions will be binding on you. Joint applicants may act for one another unless we require joint instructions.
  9. Role as Introducer: We act solely as an introducer to lenders. We do not represent lenders, and they retain discretion over loan approvals, terms, interest rates, and repayment evidence. Any examples provided are illustrative only.
  10. Fees and Commission: If we introduce you to a lender that approves a loan, we may receive a commission. You agree that we may retain this commission.
  11. Alternate Services: If we cannot secure a loan, we may recommend other services to meet your needs.
  12. Severability: If any term is deemed illegal, invalid, or unenforceable, it will be modified as necessary to remain valid and enforceable.
Complaints

If you have a complaint about our services, you can contact us in writing at the following address:

Auction Finance
5 Century Court Tolpits Lane Watford WD18 9PX

Upon receiving your complaint, we will:

  1. Acknowledge your complaint in writing within five business days.
  2. Investigate your complaint thoroughly and provide you with a final response within eight weeks of receiving it.

If we are unable to resolve your complaint within eight weeks, we will:

  1. Explain why we are not in a position to provide a final response.
  2. Inform you of your right to refer your complaint to the Financial Ombudsman Service (FOS).

If you are not satisfied with our final response or if eight weeks have passed without resolution, you can contact the Financial Ombudsman Service at:

The Financial Ombudsman Service
Exchange Tower
London
E14 9SR
Phone: 0800 023 4567
Email: complaint.info@financial-ombudsman.org.uk
Website: www.financial-ombudsman.org.uk

You must refer your complaint to the Financial Ombudsman Service within six months of receiving our final response.

We are committed to resolving complaints fairly and efficiently in line with FCA guidelines.

Limitation of Liability

We are not liable for losses caused by third parties or circumstances beyond our reasonable control. You are responsible for losses arising from inaccurate information provided to us.

By proceeding, you acknowledge and accept these terms and conditions.

Loan Application
Best time for contact
Date of Birth
Loan Requirements
Date that funds are required by
Security Being Provided
How many properties do you wish to provide as security?
Terms & Conditions
  1. I/We confirm that all information provided is true and accurate to the best of my/our knowledge.
  2. I/We authorise you, or any third party to whom my application is submitted, to carry out credit searches with licensed credit reference agencies.
  3. I/We agree that any third party may share the results of these searches with you on my/our behalf. I/We understand that the information provided may be disclosed to credit reference agencies, which may retain a record of the search. This information may be accessed by other lenders to assess applications from me/us or other members of my/our household. Additionally, this data may be used for debt tracing and fraud prevention purposes.
Our Commitments
  1. Credit Broking Services: We will act as your Credit Broker to assist in securing a loan or finance arrangement.
  2. Consumer Credit Act Compliance: Any loan or finance agreement ("Loan Agreement") we facilitate will comply with the Consumer Credit Act 1974 ("the Act"), which provides important protections for borrowers. Agreements must meet the requirements of the Act, failing which they may not be enforceable without a Court Order.
  3. Personal Information: We will request and process your personal data in line with GDPR regulations. You will need to review and sign our Customer Privacy Notice to confirm your consent for us to process your data.
  4. Marketing Consent: We may contact you via telephone, email, SMS, or instant messaging to provide details of products or services that may interest you. To receive such information, you must complete our Customer Marketing Consent form. Without your consent, we may be unable to share updates on relevant products and services in the future.
  5. Automated Decision-Making: To process your application, we or our associate companies may use credit scoring and automated systems to assess applications, make decisions, and verify identities. This includes searches with credit reference agencies, fraud prevention agencies, employers, and the electoral register. Agencies may retain and share this information with other organisations, and joint applications may create links between your financial records.
  6. Accuracy of Information: It is essential that you provide accurate information. Any false or misleading details may be recorded with fraud prevention agencies, potentially affecting your credit record. We reserve the right to reclaim losses incurred due to inaccurate information provided by you.
  7. Joint Applications: If you are applying jointly, both applicants are jointly and severally liable for all obligations in the application. Where one applicant discloses financial associations, they confirm their authority to share information on behalf of the other. Joint applications may result in linked records at credit reference agencies.
  8. Authority to Act: If you authorise another person to provide instructions on your behalf, any action taken based on their instructions will be binding on you. Joint applicants may act for one another unless we require joint instructions.
  9. Role as Introducer: We act solely as an introducer to lenders. We do not represent lenders, and they retain discretion over loan approvals, terms, interest rates, and repayment evidence. Any examples provided are illustrative only.
  10. Fees and Commission: If we introduce you to a lender that approves a loan, we may receive a commission. You agree that we may retain this commission.
  11. Alternate Services: If we cannot secure a loan, we may recommend other services to meet your needs.
  12. Severability: If any term is deemed illegal, invalid, or unenforceable, it will be modified as necessary to remain valid and enforceable.
Complaints

If you have a complaint about our services, you can contact us in writing at the following address:

Auction Finance
5 Century Court Tolpits Lane Watford WD18 9PX

Upon receiving your complaint, we will:

  1. Acknowledge your complaint in writing within five business days.
  2. Investigate your complaint thoroughly and provide you with a final response within eight weeks of receiving it.

If we are unable to resolve your complaint within eight weeks, we will:

  1. Explain why we are not in a position to provide a final response.
  2. Inform you of your right to refer your complaint to the Financial Ombudsman Service (FOS).

If you are not satisfied with our final response or if eight weeks have passed without resolution, you can contact the Financial Ombudsman Service at:

The Financial Ombudsman Service
Exchange Tower
London
E14 9SR
Phone: 0800 023 4567
Email: complaint.info@financial-ombudsman.org.uk
Website: www.financial-ombudsman.org.uk

You must refer your complaint to the Financial Ombudsman Service within six months of receiving our final response.

We are committed to resolving complaints fairly and efficiently in line with FCA guidelines.

Limitation of Liability

We are not liable for losses caused by third parties or circumstances beyond our reasonable control. You are responsible for losses arising from inaccurate information provided to us.

By proceeding, you acknowledge and accept these terms and conditions.