Tapton Capital

Auction Bridging

When buying a property from auction in the United Kingdom, you typically have 28 days from the date of auction until you have to complete the purchase. Securing a traditional mortgage in that time frame is extremely difficult and if you haven’t had one approved prior to the auction, you will need to explore alternate ways to complete the purchase.

Auction Bridging has become a very popular alternative. Tapton Capital works with a wide range of exceptional auction finance lenders who specialise in completing transactions within a 4 week period.

At Tapton Capital, we understand the fast-paced nature of property auctions and the need for swift, flexible financing solutions. Our auction bridging finance service offers a range of benefits tailored to help you navigate the auction process with ease:

  1. Speedy Access to Funds: With 28 days to complete your auction purchase, we will make sure your application is packaged correctly with the right funding partner so that you can be confident you will achieve your goal.
  2. Competitive Advantage: Gain a competitive edge at auctions with the ability to make immediate bids and stand out from other buyers.
  3. Flexibility in Repayment: Our auction bridging finance solutions offer flexible repayment terms, allowing you to tailor the repayment schedule to suit your financial needs and timeline.
  4. Expert Guidance: We have assisted a huge number of clients in obtaining competitive aucting finance, and we will provide guidance throughout the auction process, ensuring you make informed decisions.

Frequently Asked Questions

How Can I Get an Auction Bridging Loan?

Arranging an auction bridging loan before attending the auction is crucial. Contact Tapton Capital to access experienced brokers who will guide you through decision-making.

How Does Auction Finance Work?

Auction properties often carry significant value, with a 10% deposit being substantial. Funding arranged before the auction, such as through an auction bridging loan, is advantageous. Additionally, this ensures clarity on the property specifications funded by the lender.

What Are The Benefits Of Buying A House At Auction?

Buying a house at auction offers numerous benefits, including lower prices than regular sales, reduced competition, lower reserves, and flexible bidding methods such as attending in person, bidding by phone, or online.

How Can Auction Finance Help Property Professionals?

Auction finance streamlines the acquisition process, securing properties without lengthy negotiations or the immediate need for significant deposits. Tapton Capital’s auction bridging loans are tailored to meet individual client needs, providing essential financial support within tight timeframes.