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One quick call, terms within hours, completion in days. No hard credit check, no deposit at risk.
Not a verbal 'probably'. Actual written agreement in principle from the lender before auction day — so you bid knowing the money is there.
Traditional auction = 28 days. Modern method = 56 days. Hundreds of auction completions behind us — we know the timelines and work within them.
Purchase price, bridging fees, arrangement fees, interest, legal costs. All shown before you bid — no post-hammer surprises.
Auction finance is short-term property finance designed to meet the completion deadlines at UK property auctions — typically 28 days for traditional auctions, 56 days for modern method (MMoA). Standard mortgages take 6–12 weeks, which doesn't work against auction timelines, so auction buyers use bridging finance (or specialist auction-ready products) to complete on time, then refinance onto a conventional mortgage afterwards if it's a long-term hold.
Unlike a bridging loan against a standard purchase, auction finance has one critical feature: the lender commits to your completion deadline in writing before you bid. That's the difference between bidding with certainty and bidding with your deposit at risk.
24–48 hours before auction day. Written indicative terms from a lender matched to the property and your profile.
You know the funding is in principle agreed. Bid your number, win or walk — no deposit at unnecessary risk.
Valuation instructed within 24–48 hours. Legal work starts same day. We stay on top of solicitors and the valuer.
Typical completion 10–21 days. Deposit safe, property transferred, refinance to standard mortgage lined up if needed.
Auction day is booked, you've got the property in mind, and you need to know you can complete before you raise your hand. We get you a written AIP from a lender matched to the property before auction day — so you bid with funding already in principle agreed.
Start your enquiryHammer's fallen, deposit paid, 28 days on the clock. We move fast: terms within hours, valuation instructed within 24–48 hours, and we work with solicitors and the valuer directly to keep the timeline tight. Hundreds of completions inside deadline behind us.
Start your enquiryA specialist broker like Norwest Insurance is the quickest route to the right auction finance deal in the UK. With 120+ lenders on our panel and over 50 years of experience, we match your profile to the right lender before any hard credit check — so your first application is the right one. Call 0161 225 9200 or send a 60-second enquiry and we'll come back with a clear picture of what's possible.
Traditional auctions (the old-style in-room or live online auctions) give you 28 days from the hammer falling to complete. Modern method of auction (MMoA) gives 56 days — longer, but still faster than standard mortgage timelines. Both deadlines are contractually binding.
Yes — and we recommend it. A written agreement in principle from a lender (subject to valuation) takes 24–48 hours before auction day. That gives you certainty on funding before you bid, and a solid foundation to move fast on completion if you win.
You lose your 10% deposit, and the vendor can pursue you for additional damages (typically if they resell for less than your winning bid). This is why written AIP before bidding matters — the risk is significant. If timelines slip through no fault of the buyer (legal issues, valuation delay), most lenders allow a short extension for a fee.
You need the 10% deposit on auction day (paid directly to the auctioneer). For the 90% balance, auction finance typically lends up to 75–80% LTV — so you need around 20–25% cash on top of the auction deposit, or additional security. 100% LTV is possible with additional property collateral.
Yes in the short term — auction finance is bridging-style pricing (0.5–0.85% per month typically) rather than standard mortgage rates. The strategy most clients use is: complete with auction finance to hit the deadline, then refinance to a conventional commercial or BTL mortgage over the next 3–6 months. Short-term cost, long-term standard pricing.
We obtain AIPs with soft credit searches only, so your credit file isn't touched before bidding. A hard search happens only when you formally instruct us to proceed post-auction. This protects you if you bid and don't win — no wasted credit footprint.
Buying, refinancing, or owner-occupying — matched to the right lender from 120+.
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Learn moreTell us about the lot in 60 seconds. We'll come back with a written AIP before auction day — no obligation, no hard credit check.