Buying a property at auction
It’s not only an exciting way to buy a property, but can also have financial benefits and so is popular with property investors and those looking to work in property development. However, properties at auction are normally there as something is making them difficult to sell on the open market or they need to be sold quickly. This means that quite often the properties themselves are un-mortgageable and you are required to complete on the purchase within 28 days (usually). Both of these things can mean that a conventional mortgage just is not possible and you need to look for specific auction finance.
PAD Financial can help you raise finance on an auction property quickly and cost effectively. Using our knowledge of this market place, we can work with you to find the right financial solution to enable you to move forward and complete your purchase.
If you would like to know how PAD Financial can help you, please contact us now.