HOW DOES AUCTION FINANCE WORK WHEN COMPLETIONIS IN 28 DAYS?

The 28-Day Auction Timeline When you win an auction property, you’re legally committed to completion within 28 days. Thisis your window to secure finance and complete the purchase. Unlike standard propertypurchases (6-8 weeks), auction timescales demand speed. Auction Finance Process Week 1: Immediate Finance Application Within days of auction purchase, arrange auction finance. Lenders understand […]

BRIDGING FINANCE EXPLAINED FOR PROPERTY INVESTORS

What is Bridging Finance? Bridging finance is rapid lending that bridges a gap in funding. You borrow quickly to complete aproperty purchase, then repay when longer-term funding arrives (sale of another property,mortgage completion, or rental income accumulation). Common Bridging Scenarios Auction Purchase Won an auction property requiring 28-day completion. Mortgage approval takes longer. Bridgingcovers the […]