Buying at auction can be tricky. You have to complete in a very short amount of time. Also, you must, of course have the property fully surveyed. That might be a loss. The result of the survey might tell you not to touch the property. Or, of course, someone else at the auction might pip you to the post. You have to also remain very strong-willed and not bid over the limit you have set yourself.
However, if all of that still gives you a positive go ahead signal, buying at auction can be extremely lucrative.
A company that helps is Auction Finance. They cane set up a loan before, during or after the auction. 80% loan to value is still the most common way of lending but in certain circumstances they will loan 100%. They do do buy-to-let and they will consider almost any property. They pride themselves in fast completions. They have no restrictions on the size or location of your property portfolio. They can also offer development finance, land finance and bridging finance, both open and closed.
Well worth a look!
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