market-leading auction finance
Long-term options like Buy-To-Let mortgages tend to be out of the question when it comes to buying property at auction due to the tight deadlines, and many people aren’t cash buyers.
That’s where Velocity Bridging can help.
We offer a specialised Auction Finance solution, created to support the demand for those buying property at auction that lends up to 90% of the purchase price.
Market-leading bridging loan offering up to 90% of purchase price.
Minimum purchase price £100,000. Maximum purchase price £500,000.
No exit fee or valuation.
2 week turnaround.
What is Auction Finance?
This is a market-leading product that offers up to 90% of auction purchase price with no need for additional security. It is available for single-unit residential properties on a first charge basis with no exit fee and valuation.
How long is the process?
We use our dynamic private funding line and swift processes to ensure a 2 week turnaround.
Where is this Auction Finance available?
Our Auction Finance solution is available in England, Scotland and Wales.
What properties are eligible for this product?
This bridging product is directly available to Velocity Bridging customers purchasing property worth over £100,000 (up to £500,000) through auction and is available for properties that are in need of light refurbishment only (no demolitions or heavy refurbs).
What are the terms?
Offers are only made once the auction has concluded and buyers opting to max-out this product will be charged 2.5% per month for up to 12 months.