What is it?

When buying a property at auction your client may want to have their finance lined up before bidding, particularly as they will need to pay a 10% deposit on the day of purchase.

We can work with you to get an Agreement in Principle from a lender for the best finance to suit your client’s needs. This will allow them to bid with peace of mind, subject to survey.

Read our guide to auction finance here

Light and Heavy Refurbishment Short-Term Loans (STL)

If they want to carry out works on the property, they have the choice between light and heavy refurbishment products, which will depend on the amount of proposed works to be carried out with no early repayment charges.

See our Light and Heavy Refurbishment section for more details or get in touch today.

Development Finance

If they are purchasing land to build property or undertaking an extensive conversion, development finance would be used. A typical loan would assist with the purchase of the land and the build costs.

See our Development Finance section for more details or get in touch today.

Buy-to-Let (BTL)

If the property they are looking to purchase requires no works to be carried out before letting out, a buy-to-let term loan or House of Multiple Occupation (HMO) term loan may be suitable.

See our Buy-to-Let and HMO section for more details or get in touch today.

Experience is not essential but would give your client more options in terms of products available.

A recent client success: sourcing finance post-auction
To invest successfully, property investors need expert support when sourcing finance.
This is just one example of a time when CPC Finance worked to help a client obtain finance in a timely manner to achieve their buy-to-let objectives following an auction.
The client attended the Dedman Gray auction and successfully bid on a property. At the time, the client had finance pending and confirmed this after speaking with CPC Finance on the day, but this finance subsequently fell through. The client called CPC Finance in order to source new funding with only two weeks remaining before completion was due.
CPC Finance worked efficiently to successfully secure the finance and indeed the purchase completed on time.