Should I arrange finance before or after the auction?

Before, always. A decision in principle against the lot tells you your true maximum bid and removes the scramble afterwards. We can usually arrange it from the auction catalogue details.

Can I get auction finance on a property that needs work?

Yes, much auction stock is exactly that, and bridging lenders are comfortable with it. Where works are significant, the facility can include a refurbishment element with the exit onto a mortgage at the improved value.

What happens if completion is missed?

You risk losing your deposit and facing costs, which is why we only work to timelines the chosen lender has genuinely proven. Getting this right is the entire point of pre-auction preparation.

Auction Finance

Bid with funding behind you and complete inside the 28 days.

Book a consultation Call us back →

The gavel starts a 28-day clock

Auction finance exists for one reason: exchange happens the moment the hammer falls, and completion typically follows within 28 days. Miss it and the deposit is gone. Conventional mortgages rarely move that fast, and plenty of auction stock wouldn’t pass a standard survey anyway.

The professionals solve this before the auction: finance agreed in principle against the lot, legals primed, and a lender chosen for speed. Then they bid.

How ERG helps

Pre-auction preparation:: Decision in principle against the lot (or your bidding range) before sale day, so your maximum bid is a funding fact, not a hope.
Lenders that hit deadlines:: We use bridging and auction-specialist lenders with proven 28-day track records, including on properties that need work.
The plan after the hammer:: Refurbish and refinance, let it, or sell it on. The exit is structured alongside the purchase funding from the start.

Detail, auction catalogue with circled lots and notes; preparation tells

Who we help

Auction buyers we act for:

Investors buying below-market-value stock
Buyers of unmortgageable or distressed property
Landlords adding auction lots to portfolios
Developers picking up sites and conversions
First-time auction buyers who want it done properly

Bridging Finance → Specialist Mortgages → Bridging Loan Calculator →

Frequently Asked Questions

Before, always. A decision in principle against the lot tells you your true maximum bid and removes the scramble afterwards. We can usually arrange it from the auction catalogue details.
Yes, much auction stock is exactly that, and bridging lenders are comfortable with it. Where works are significant, the facility can include a refurbishment element with the exit onto a mortgage at the improved value.
You risk losing your deposit and facing costs, which is why we only work to timelines the chosen lender has genuinely proven. Getting this right is the entire point of pre-auction preparation.

Speak to an advisor

Book a consultation

Check out our availability and book the date and time that works for you.

Select a Date and Time

Time zone: United Kingdom (Europe/London)

MonTueWedThuFriSatSun

Your consultation

A 30-minute telephone call with one of our advisers. Tell us a little about your situation and we’ll match you with the right person.

Select a date to see availability