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Auction Purchase

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Product
Purpose:

Preapproved funding available before auctions, or secure funds for an auction purchase

Maximum loan size:

£3,500,000

Loan term:

1 to 12 months

MAX LTV:

75%

Arrangement fee:

2%

Interest method:

Retained or Serviced

Monthly rates from:

0.48%

Charge:

First

Early repayment charge:

None

Other Criteria:

Residential, semi-commercial or commercial. To be classed as semi-commercial, the residential element must account for at least 50% of the value and have separate access.