Based in Bristol we can offer you a first class mortgage service:
Special features of what we offer include:
To investigate your auction mortgage options call our mortgage & bridging finance team on 0117 313 6058 or fill in our call back form.
Buying a property at auction can offer an alternative to traditional home buying, but it does require a slightly different mortgage approach. Most successful auction property bidders will need to pay a 10% deposit on the day of the auction, and will then usually have 28 days to pay the rest of the balance – which doesn’t leave you a lot of time in which to get a mortgage arranged if you haven’t done so before the auction.
It’s a very good idea to arrange this before your successful bid and 10% deposit is paid. If you fail to pay the remaining 90% balance in the allotted time period, you may well stand to lose not only the deposit but also your chance of purchasing the property.
If you are unsure about what mortgage product is suitable for you call us on 0117 313 6058 or Request a Callback.
Call us for a FREE initial conversation on 0117 313 6058 about mortgage bridging loans for auction or request a callback.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.
Fair Mortgages Limited is an appointed representative of Fair Investment Company Ltd which is authorised and regulated by the Financial Conduct Authority.