Apply for Loan

Fields with asterisk are required
By submiting you accept the
Privacy Policy and Process of Data

London Credit relaunches auction product

London Credit has relaunched its auction finance product, where an offer can be issued prior to the auction so that a potential buyer has surety of funds should their bid be successful.

Loans are available from £100,000 to £3.5m on properties in London, the South East and major cities, with approval in principle and indicative terms usually available within an hour

Marios Theophanous, credit manager at London Credit, said: “Buying a property at auction has become more popular as the move to online auctions as a result of Covid restrictions has actually opened up the market to more people. And, of course, with completion usually required within 28 days, buying at auction remains one of the few ways that property investors could benefit from the stamp duty holiday.

So, we wanted to create a product that gives investors what they need – surety of funds at the outset.

“At London Credit, we offer bridging finance that goes back to basics, building our proposition on speed, flexibility and the ability to lend on complex cases. We can lend up to 70% LTV on terms up to 18 months, providing brokers with simple, no fuss financing solutions for their clients, supported by a fair procuration fee to reflect their work. Brokers interested in our auction finance proposition should speak to one of our BDMs.”

10 February 2021


In today’s challenging market, investors are finding better opportunities for strong yields in the commercial property sector. Brokers worth their salt will be helping their clients source commercial bridging finance by partnering with a lender who has both the appetite and track record in commercial lending, while also doing their bit to keep local high streets alive.


Bridging finance is the perfect solution for funding auction purchases, so what do investors need to know?


For financing an HMO conversion, bridging loans can be the ideal solution, covering the purchase and conversion costs, before switching to a specialist buy-to-let term loan.


Landlords shouldn’t be fearful of EPC rules; they are going to happen and it’s going to be cheaper in the long run to tackle them now.