Auction finance at your fingertips
In order to bid with confidence at auction, you need one thing above all else. You need the reassurance the necessary funds will be available when you need them. When the hammer falls, a non-refundable deposit is immediately payable and you then have a maximum of 28 days to complete – it can be shorter with certain auction houses.
At Bath & West we can give you an immediate decision on all auction finance, and we are able to release funds within a matter of days. As a Principal Lender we are not dependent on banks or other lenders, which means no missed opportunities at auction or stressful times waiting for funds to clear. That’s auction finance at your fingertips.
“Our processes, and those of the professionals we work with, ensure funds will be available to meet the tight timescales imposed by an auction purchase. This avenue can often allow property professionals to purchase at below market prices – our bridging loans and the service we provide are designed to open this opportunity to property professionals.”
Bath & West Finance
Key rates & features:
Serviced, retained or rolled-up
Key Product Criteria*
Houses, flats, BTL’s, HMO’s, auction, development land with full residential planning, unmortgageable
Freehold or leasehold with more than 60 years left on the lease
A standard AST agreement
TYPE OF CHARGE
First charge, second charges
Light refurbishment works, such as kitchens, bathrooms, ﬂoor coverings, general decoration and extensions where stage payments are not required, no structural alterations and no planning permission is needed
* Please refer to the criteria page for standard loan criteria for all products