Auction finance for limited companies.
The hammer falls, the clock starts, and you have 28 days. We arrange finance to beat it, and we buy at auction ourselves.
The 28-day deadline is the whole problem.
Win a lot at a UK property auction and you exchange on the spot. Completion is usually 28 days later, sometimes 14. Miss it and you lose your deposit, typically 10 percent of the price, and you can be liable for the seller's costs on top.
A standard mortgage takes six to twelve weeks. The arithmetic does not work. That gap is the entire reason auction finance exists.
Auction finance is bridging, arranged fast, structured around that deadline. It funds the completion, and you refinance onto a term mortgage or sell once you are in. We arrange it for limited companies and SPVs buying commercial, investment or development lots.
Get an agreement in principle before you bid.
The single most useful thing on this page, and almost nobody leads with it. Arrange your finance before the auction, not after. An agreement in principle means you walk into the room, or the online sale, knowing your funding is lined up, your maximum bid is real, and the 28-day clock holds no fear.
Before you bid, we can have in place:
- An agreement in principle for the finance
- A view on the specific lot, from the legal pack
- A valuation instructed or ready to instruct the moment you win
- A clear completion timeline you know you can hit
Read the legal pack first, every time. It is where the problems hide: short leases, missing rights of way, unusual tenancies, service-charge arrears, restrictive covenants. A lender will find these; better you find them before you bid. We will read it with you.
What auction finance costs.
Auction finance is bridging, priced per month, so the cost depends on how long you hold it before refinancing or selling, plus arrangement fee, valuation and legals.
We do not quote a fixed rate, because the honest number depends on the lot, the LTV and your exit. What we give you is a real indication for the specific lot before you bid, so your maximum bid is grounded in real numbers.
Residential and commercial auction lots.
- Investment residential. Tenanted houses, flats, ex-local-authority stock, blocks. Bought through a company. Often unmortgageable in current condition, which is exactly why they are at auction and why they need bridging.
- Commercial lots. Shops, offices, industrial units, mixed-use. Frequently vacant or part-let. Commercial bridging →
- Development opportunities. Sites, buildings for conversion, plots with or without consent. Development finance →
- Uninhabitable and unmortgageable. No kitchen, no bathroom, structural issues, short lease. A term lender will not touch them; a bridge is designed for them. Buy, fix, refinance. Refurbishment bridging →
We arrange for company and SPV buyers only. If you are bidding personally on a home to live in, that is regulated lending and we cannot help. Worth knowing before the auction, not after.
What can go wrong, and how to avoid it.
Auctions punish the unprepared, and no auction house guide tells you this plainly.
- You bid without finance lined up. The deadline is fixed and unforgiving. Turn up with an agreement in principle, not a hope.
- The valuation comes in under your bid. The lender lends against their valuation, not your winning bid. Bid over value and you fund the gap yourself. Know the value before the room gets competitive.
- You did not read the legal pack. Short lease, arrears, a covenant that blocks your plan. Discovered after you have exchanged, it is your problem and your deposit.
- Your exit does not materialise. "I will refinance onto a buy-to-let mortgage" fails if the property will not qualify for one: wrong tenancy, wrong condition, wrong location. Confirm the exit is real before you bid, not after you own it.
- You underestimated the works. The 28 days is just completion. The refurbishment that makes the deal work comes after, and it always costs more and takes longer than the catalogue photo suggests.
We have bought at auction. We will tell you where the traps are on your specific lot, because we have stood in that room.
Speed is everything, and appetite is invisible.
Speed is everything, and lender appetite for auction lots, especially unusual or uninhabitable ones, varies enormously and invisibly.
- Get an agreement in principle in place before the auction
- Read the legal pack with you and flag what a lender will
- Instruct valuation the moment you win, protecting the deadline
- Match odd lots to lenders who will actually fund them
- Give you a real cost indication before you bid
We buy at auction ourselves. We know the clock, the traps and the pressure first-hand. Limited companies and SPVs only.
Get an agreement in principle before you bid.
- Call07977 486886
- Emailinfo@huntergrey.co.uk
- Office139-143 Union St, Oldham, Greater Manchester, OL1 1TE
- WhatsAppMessage us
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Auction finance, answered.
What is auction finance?
Short-term bridging finance arranged fast to complete an auction purchase inside the 28-day deadline, then refinanced onto a term mortgage or repaid by sale.
How quickly can auction finance complete?
Inside the standard 28-day auction deadline, and often faster. It is built for that clock. The key is arranging an agreement in principle before you bid.
How much does auction finance cost?
It is bridging, priced monthly, so it depends on how long you hold it plus arrangement fee, valuation and legals. We give a real indication for the specific lot before you bid rather than a website teaser. Calculator →
Can I get auction finance for an unmortgageable property?
Yes, that is a core use. Properties that will not secure a normal mortgage (no kitchen, short lease, structural issues) are exactly what auction bridging funds. You buy, fix, then refinance or sell.
Should I arrange finance before or after the auction?
Before, always. An agreement in principle means you bid knowing your funding and your ceiling. Arranging after you have won means racing a fixed deadline you might lose.
What happens if I miss the completion deadline?
You typically forfeit your deposit, usually 10 percent, and can be liable for the seller's costs. This is why finance goes in place before you bid.
Can a limited company buy at auction with finance?
Yes, and it is the only kind we arrange. Company and SPV buyers on investment, commercial and development lots.
Do you finance auction purchases of my own home?
No. A property you will live in is regulated lending, needing an FCA-authorised broker. We work with companies on investment and commercial lots.