Purchasing property through a Property Auction used to be the private domain of the property developer and wealthy individual but in recent years auctions have become more common place and an opportunity for the “novice” property purchaser to acquire investment properties or even a new home below market value.

Lagoon Bridging Loans & Finance, through one of our specialist lenders, can give you immediate access to an auction funding package which will make purchasing property at auction as simple and as hassle free as possible.

Step One ~ One simple application form to complete and your application will be pre approved prior to attending an auction including all credit checks, money laundering checks and applicants’

Step Two ~ A loan facility will be agreed subject only to valuation. For auction purchase a loan facility of up to 70% of the true market value can be considered. In some cases this could mean we can fund up to 100% of the agreed purchase price.

Step Three ~ You can attend the auction and bid with total confidence that funds subject to valuation are available to complete the purchase: You will still need to provide a deposit on the day of the auction – The lender would look at an advance against an existing property to provide the deposit money if needed.

Step Four ~ Once your bid is successful, a valuation of the property will be arranged and solicitors instructed to complete the necessary procedures.

Step Five ~ Most auctions require completion of the property transaction within twenty eight days. With this package, funds can be available within just a matter of days. For peace of mind, certainty and no hassle auction property buying this facility available through Lagoon Bridging Loans & Finance is ideal.