Exclusive: Auction Finance opens to brokers

Rates start at 0.75% and products come with a choice of term from three to 12 months and a free valuation with no exit fee or lender’s legal fees.

Gary Bailey, director, said: “We’ve seen growing demand for finance from people buying at auction and as specialists in this sector we know what factors are important to brokers and their property professional clients. We’ve already completed purchases at auction worth more than £225m for property investors and believe the speedy, simple and effective service on offer from Auction Finance 4 Brokers will be a winner for everyone concerned.”

Brokers can choose to either refer a client’s details, auction, auction date and property lot number or provide additional documents such as identification and proof of income for double the proc fee.

Bailey said brokers can get an offer-in-principle before or during an auction and 24 hour pay-outs are possible due to its streamlined processes.

He added: “With the property auction market moving so quickly and competition heating up Auction Finance 4 Brokers sees this as the perfect time to launch this exciting proposition to brokers enabling them to provide the ideal solution for their clients to purchase property at auction with a fast, simple service and highly competitive products.”