Auction finance bridging is a form of short-term property finance used to complete a purchase following a successful property auction bid. It is designed to meet short completion deadlines, typically 20 to 28 days, where traditional mortgage finance may not be available in time. For further discussion, please contact enquiries@AFCredit.co.uk(mailto:enquiries@AFCredit.co.uk)

Auction bridging finance can often be completed within tight timeframes, subject to valuation, legal due diligence, and receipt of the auction pack. With the correct preparation, completion can be achieved within standard auction timeframes. For further discussion, please contact enquiries@AFCredit.co.uk.(mailto:enquiries@AFCredit.co.uk)

Yes, auction finance can be arranged in advance, subject to receipt and review of the legal pack and property details. Pre-auction preparation can help reduce completion risk once a bid is successful. For further discussion, please contact enquiries@AFCredit.co.uk.(mailto:enquiries@AFCredit.co.uk)

Auction bridging finance may be used for a wide range of property types, including residential, mixed-use, and commercial assets. Properties sold at auction are often un-mortgageable in the short term, making bridging finance a suitable solution. For further discussion, please contact enquiries@AFCredit.co.uk(mailto:enquiries@AFCredit.co.uk)

Loan-to-value levels for auction finance depend on the property, condition, and exit strategy. Borrowing is typically available at conservative LTVs, often up to 75 %, including retained interest where appropriate. For further discussion, please contact enquiries@AFCredit.co.uk.(mailto:enquiries@AFCredit.co.uk)

A mortgage offer is not required at the time of purchase. However, where refinancing is the intended exit strategy, lenders may assess whether the property is likely to qualify for longer-term finance following completion or refurbishment. For further discussion, please contact enquiries@AFCredit.co.uk.(mailto:enquiries@AFCredit.co.uk)

Typical exit strategies include refinancing onto a residential or buy-to-let mortgage, sale of the property following refurbishment or stabilisation, or repayment from other identifiable capital sources. The exit strategy must be realistic within the loan term. For further discussion, please contact enquiries@AFCredit.co.uk.(mailto:enquiries@AFCredit.co.uk)