Fast, simple, straightforward loans
Buy-to-let auction finance is a short term funding solution by nature. Loans can be agreed for properties which are vacant or tenanted, and finance can be arranged for plots of land with or without planning permission.
The beauty of auction finance is that it can be agreed in a very short period of time. Loans can be arranged in a matter of days, and underwriting decisions can often be made within hours of the initial enquiry.
In some cases, people bid on properties at auction without having the money in place in pay the deposit. In this instance, some lenders will be able to release the funds necessary for you to proceed with the purchase secured against other properties you already own. There are also loans available for 100 percent of the purchase price, although this will usually require an additional property to be used as security.