Auction Finance

Term 1:
£26,000 to £15,000,000
Term 2:
Maximum term 12 months
Term 3:
LTV up to 70% of purchase price or valuation (whichever is lower)

Albatross Capital is able to support individuals with auction finance for purchase of both commercial and residential properties at auction. Using our experience and timely decision making we can provide prompt conditional offers to facilitate the bidding process. Our solicitors support us in turning around an auction purchase with narrow exchange and completion deadlines.

Ideally we require notice of the auction date so that we are able to provide you with an agreement in principal, enabling the buyer to proceed at an auction with confidence. Once you have exchanged contracts, our support will be available on completion.

We have experienced at times when borrowers have exchanged contracts yet do not have the adequate funds to complete the purchase. We are also able to finance your purchase between exchange and completion at short notice.

Product Terms

  • £26,000 to £15,000,000

  • Maximum term 12 months

  • LTV up to 70% of purchase price or valuation (whichever is lower).

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