Why Auction Finance Matters
A property auction usually requires buyers to complete their purchases within 28 days of the gavel falling. Completion may be needed within 14 days in some cases. Most high-street banks and mainstream mortgage providers are unable to meet these tight deadlines.
That's why auction financing is so important. The loan is designed specifically to cover auction purchases, ensuring funds are available while you arrange long-term financing.
Who Uses Auction Finance?
Auction finance is popular with:
- Property Investors: Investing in undervalued or repossessed properties to grow their portfolios.
- Property Developers: Purchasing land or buildings for redevelopment.
- Businesses: Buying commercial properties like shops, warehouses, or office buildings.
- First-Time Buyers: You can bid on attractively priced residential properties.
Canterbury Capital provides financial backing to investors no matter their level of experience or if it's their first time at auction.
Benefits of Auction Finance
- Speed: Get funding in place within days, not months.
- Confidence at Auction: Ensure your bids are backed by reliable financing.
- Flexibility: Suitable for mixed-use properties, residential properties, and commercial properties.
- Bridging Solution: Provides time to arrange long-term financing or add value prior to refinancing.
- Opportunity Ready: Get access to properties that may otherwise be out of reach.
Canterbury Capital Auction Finance Solutions
Our auction finance packages are designed to support a variety of property purchases, including:
Residential Auction Finance
A great choice for investors and individuals looking to purchase homes at auction, whether they intend to buy to let, renovate, or resell.
Commercial Auction Finance
Office, warehouse, retail, and mixed-use commercial property funding specialists.
Refurbishment Auction Loans
Finance designed for properties that need work before they can become mortgageable.
Development Auction Finance
Funding is provided for larger projects with plans for reconstruction or redevelopment of land or buildings.
How Auction Finance Works
It's simple, transparent, and efficient to finance auctions with us:
- Preparation: Get in touch with Canterbury Capital before the auction. We will review your needs and provide a preliminary agreement.
- Bidding with Confidence: Ensure funds are available if you win the auction.
- Post-Auction Completion: We ensure timely funds release once the loan is finalised.
- Exit Strategy: Refinance the loan, sell the property, or use another planned method to repay it.
Why Choose Canterbury Capital for Auction Finance?
- Specialist Auction Expertise: Our team understands the unique pressures of property auctions.
- Quick Approvals: Decisions made quickly, often prior to auctions.
- Tailored Packages: Designed to fit your property and circumstances.
- Transparency: No hidden fees, clear terms.
