Secure Fast Auction Finance for Your Property Purchase in the UK

Looking to buy property at auction? Get quick and flexible auction finance for your next property purchase. Whether it’s residential, commercial, or for development, we offer competitive rates and fast approval to ensure you don’t miss out on your next big opportunity. Secure up to 75% of the property value and complete your auction purchase with ease.

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We work with more than 120 mortgage lenders, including

WHAT

What is Auction Finance?

Auction finance is a fast, short-term loan tailored for property buyers looking to secure their winning bid at auction. Unlike traditional mortgages, which can take weeks to process, auction finance allows you to act quickly, providing funding within 24-48 hours. With properties often requiring payment within 28 days, auction finance ensures you don’t miss out on time-sensitive opportunities.

Typically, auction finance can cover up to 75% of the property value, allowing you to bid confidently and secure the property you want. Whether you’re purchasing residential, commercial, or buy-to-let properties, auction finance is designed to meet the fast-paced nature of the auction process.

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PROCESS

How Auction Finance Works

Auction finance offers a quick and simple solution for purchasing properties at auction. The process is streamlined, making it ideal for time-sensitive property deals. Here’s how it works:

Application

Start by applying for auction finance through a lender or broker. You’ll need to provide details about the property and your financial situation.

Approval

Once approved, you can secure the funding quickly—often within 24-48 hours—allowing you to act fast before the auction ends.

Purchase

You can use the funds to place your bid at the auction. If successful, the finance will cover up to 75% of the property’s value.

Repayment

With flexible repayment terms (usually 6-12 months), auction finance gives you time to complete renovations or sell the property, paying off the loan when you’re ready.

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How Much Can I Borrow Calculator

Use our free calculator to quickly estimate how much you could borrow based on your income. On this page, you’ll also find helpful information about mortgage eligibility and what lenders are looking for. Whether you’re employed, self-employed, a company director, a locum, or retired, At MortgageTek, we’re here to help you understand your borrowing potential and move forward with confidence.

First Applicant

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Your Estimated Borrowing Amount

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Based on your income details, this is an estimate of how much you might be able to borrow.

TYPES

Types of Specialist Finance We Offer

At Mortgage-Tek, we offer a range of specialist finance solutions built to suit different property goals. From short-term lending to complex investments, our finance products are tailored for speed, flexibility, and control.

Bridging Loans

Ideal for short-term property purchases, chain breaks, or quick funding before long-term finance kicks in.

Up to 75% Loan-to-Value

Borrow up to 75% of the auction property’s value, making it easier to act fast.

Flexible Repayment Terms

Short repayment terms (6-12 months) designed to suit the quick turnaround needed in the auction market.

No Hidden Fees

ransparent pricing with no surprise charges, ensuring full clarity throughout the process.

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Why Choose Mortgage-Tek for Your Auction Finance Needs?

At Mortgage-Tek, we specialize in providing fast, flexible auction finance solutions to property investors, developers, and first-time buyers. We understand the urgency of property auctions and offer quick, reliable funding to help you secure your next property deal. With our deep industry expertise, we give you the edge to act quickly and secure prime auction properties.

Experienced Team

Our experts have extensive experience with auction finance and the auction process.

Full Transparency

We offer clear, upfront pricing with no hidden fees on all auction loans.

Tailored Solutions

Get personalized auction finance options that meet your specific needs and goals.

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Get in Touch For Our Expert Mortgage Advice

Looking for the right mortgage solution? Whether you’re securing a better rate, switching deals, or exploring let-to-buy options, our experts are here to help. Get in touch today for tailored mortgage advice and find the best deal for your needs—hassle-free and straightforward!

Call Us	020 3827 8558
Email Us	info@mortgage-tek.co.uk
Address	31, Metro Centre, Dwight Rd, Northwood, Watford WD18 9SB
Opening Hours	Mon–Fri (8:30am–7pm) Sat (9am–5pm)

TESTIMONIALS

What people say

Mo is extremely professional and has helped me on multiple occasions with new mortgage and remortgage transactions for the past 3 years. I found MortgageTek and the team to be efficient, have constant communication with me every step of the way, and be outstanding plus helpful in resolving any issues that may arise along the way. I highly recommend MortgageTek for any future transaction as Mo always gets good rates

GORETTY DIAS

Customer

Would thoroughly recommend using Mortgagetek if you are a contractor. Mortgage applications are confusing enough as it is, so it’s great you can depend on the application being made smoothly by the team at Mortgagetek. Kate was excellent in keeping me updated and dealing with any questions I had. Will use them again.

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JAMES MORTON

Customer

Mo has helped me with multiple mortgage brokering both for new, remortgage and BTL transactions for about 4 years. I’ve found Mo and his team to be efficient, have clear and constant communication with me every step of the way, and very helpful to resolve any issues that may arise along the way. I unreservedly recommend MortgageTek.

SEUN OLOWOJEBUTU

Customer

Frequently Asked Question

How does auction finance differ from a traditional mortgage?

Auction finance is designed to provide quick access to funds, typically within 24-48 hours, to meet the tight deadlines associated with property auctions. Traditional mortgages, on the other hand, involve a more lengthy application and approval process, often taking several weeks. With auction finance, you can secure funding faster, which is essential when purchasing property at auction, where the completion period can be as short as 28 days.

Can I use auction finance for any type of property?

Yes, you can use auction finance for a wide range of property types, including residential, commercial, and buy-to-let properties. However, the property must meet certain conditions set by the lender, such as being in good condition and having a clear title. Properties in need of significant renovation may be eligible, but this will depend on the lender’s policies.

What happens if I fail to repay the auction loan on time?

If you fail to repay your auction finance within the agreed period (usually 6 to 12 months), the lender may take legal action to recover the loan amount, potentially leading to the sale of the property. It’s important to have a clear plan for repaying the loan, whether through refinancing or selling the property. To avoid this risk, it’s wise to ensure that your financing plan is solid and you can meet the repayment terms.

Can I extend my auction finance loan if I need more time?

While most auction finance loans are short-term and designed for quick repayment, some lenders may offer the option to extend the loan if you’re unable to repay it within the agreed timeframe. This is typically known as a “loan extension.” However, this will depend on the lender’s policies and may incur additional fees. It’s best to discuss any potential extensions with your lender in advance.

What are the potential risks of using auction finance?

The biggest risk of auction finance is the tight repayment schedule. If you’re unable to secure long-term financing (like a mortgage) or sell the property in time, you may face penalties or the sale of the property. Additionally, auction properties are often bought sight unseen, which can lead to unexpected costs if the property needs significant repairs. It’s crucial to conduct thorough due diligence before committing to a purchase at auction.

Can auction finance be used to buy properties at any auction?

Yes, auction finance can be used to purchase properties at most auctions, whether they are traditional property auctions, online auctions, or specialist auctions for distressed properties. However, some auction houses may have specific requirements regarding financing, so it’s always a good idea to confirm with both the auction house and the lender before placing a bid.

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Secure Fast Auction Finance for Your Property Purchase in the UK

We work with more than 120 mortgage lenders, including