Published 4 December 2014 · Last reviewed 22 September 2022 · Older article — see current rates

A break down of our Auction Bridging Finance Rates and products

We all know purchasing a property at an auction can be very lucrative but the process is time-sensitive, as such standard mortgages usually fail to cater for auction properties. It is therefore essential you source the right type of specialist finance to ensure you are equipped to fulfil on your bid.

Auction Finance Offering

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Up to 85% Loan to Value for Light Refurbishment projects
Auction, Bridging and Development Finance in one place.
Experienced Brokers watch our Youtube channel to learn more
A hand picked panel of reputable Auction Finance lenders
Loans from £50,000 to £20,000,000
Residential, Buy to Let and Commercial Finance Exit routes
First Time Buyers Auction Finance
First Time Landlords Auction Finance
Light Refurbishment products offered for “flipping”
Bridge to Let Product to give landlords certainly and comfort
Complex Income structure
Lending on the end value

Auction bridging finance works slightly differently to traditional short-term finance, for example in certain instances the lender will not need a valuation report on the property and will just work of a % of the purchase price at the auction. This forward-thinking way of working reduces cost and the process to Offer considerably.

See the current panel of auction-finance bridging lenders and indicative rates with our no-email bridging calculator.

Another streamlining benefit of specific auction bridging finance is lenders allow you to have joint solicitor representation with them. This strips out duplication as everything is dealt with by the same firm.

When it comes to auction bridging finance speed and efficiency is key to the process so it is essential you deal with experts within this sector

Our Charges

Niche Advice Limited charges from £499 to 1% of the loan but only payable on completion of the case which means if the deal doesn’t progress to full ownership for any reason you don’t have to pay any fees to Niche Advice.

Also check out Bridging Loan – 2020 Commonly Asked Questions https://www.nicheadvice.co.uk/bridging-loan-2020-commonly-asked-questions/

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Bridging loans are short-term finance and are typically more expensive than standard mortgages. You must have a clear and credible exit strategy — usually the sale of the property or a refinance onto longer-term lending — to be considered for a bridging loan. Interest is normally charged monthly and can be rolled or retained from the loan; this means the amount you repay may be higher than the amount originally borrowed.

Bridging loans secured against your home are regulated by the Financial Conduct Authority. Bridging loans secured against investment or commercial property are not regulated by the Financial Conduct Authority. Niche Advice Limited is authorised and regulated by the FCA (FCA No: 750263) and is a Credit Broker that does not lend directly.

This article is information, not regulated advice. Your individual circumstances — including your exit strategy, the security property type, and your wider financial position — determine whether a bridging loan is suitable for you. Always discuss your case with a qualified mortgage adviser before applying.