Auction Finance

Bridging Finance for Auction Property — How It Works, the 28-Day Clock, and the Legal-Pack Trap

Key takeaways Bridging finance for auction property is short-term lending that can complete fast enough to meet a tight auction deadline, where a standard mortgage usually cannot. It is secured against property and judged mainly on the asset and … [Read more...] about Bridging Finance for Auction Property — How It Works, the 28-Day Clock, and the Legal-Pack Trap

Auction Finance Problems Avoid Costly Mistakes When Buying at Auction

by Payam Azadi

Auction Finance Problems Strategies for Unforeseen Challenges Auction Finance Problems can be just around the corner as It can be easy to get drawn into the Auction Finance process when looking to purchase a property at Auctions. Before you know … [Read more...] about Auction Finance Problems Avoid Costly Mistakes When Buying at Auction

How to get a Mortgage For a 56 Days Auction – Modern Method of Auction

by Payam Azadi

In short: Buying at auction usually means completing within 28 days, or 56 days under the Modern Method of Auction. A standard mortgage rarely moves that fast, so buyers often use bridging finance for an auction purchase to complete on time and then … [Read more...] about How to get a Mortgage For a 56 Days Auction – Modern Method of Auction

Auction Bridging Finance Rates

by Payam Azadi

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. … [Read more...] about Auction Bridging Finance Rates

[box title="AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS." bg_color="#4c4c4c" icon="info-circle" icon_style="border" icon_shape="circle" align="center" text_color="#ffffff"][/box] If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay. Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority.

FCA Number: 750263.

Commercial Buy-to-Let and commercial mortgages are not regulated by the Financial Conduct Authority.

HMO Mortgages: How They Work and What Lenders Look For

What this article covers Right — if you're looking at a house, picturing it carved up into individual rooms with separate tenants, and wondering why your usual mortgage broker has gone quiet on you, here's the thing about HMO mortgages: they sit in their own world. They're not standard buy to let with a bigger number on the end. The lender panel is different, the way the property gets valued is different, and the questions you'll get asked are different. We regularly advise on these cases, and borrowers can come unstuck when they assume an HMO would be financed like any other rental. It won't … [Read More...] about HMO Mortgages: How They Work and What Lenders Look For