Fast auction finance for UK residential and commercial property is available via Belgravia Commercial. Funds can be arranged as quickly as 24 hours. The auction finance lenders that we work with act fast to make sure your funds are released to your solicitor in the required time frame.
Auction Bridging Loans Lending Criteria:
• Loan Size: 25,000 – 25,000,000
• Term of Loan: 1 day – 5 years
• Rates (non status): from 0.75% per month
• Loan to Values: up to 75% of the property value for 1st charges and up to 75% for second charges
Most types of properties qualify for auction bridging loans, the difference between this finance and other bridging loans is in the speed and processing to ensure a timely completion on your property.
Typical Auction Bridging Loan process:
1) Call or email Belgravia Commercial with enquiry
2) Decision in Principle receive from Lender via Belgravia Commercial within 1 hour
3) Application proceeds, Valuation (if required) is instructed, Lawyers are instructed
4) Valuation received back, lender offer produced
5) Legal work concluded, completion takes place.
The above can happen with 24-48 hours, please enquire to see if your case qualifies.
We charge on success, so you will only pay for our service when you complete the transaction.