Key Takeaways

Bridging finance for auction property is short-term property finance designed to help buyers complete within tight auction deadlines.

• Traditional property auctions commonly require the successful bidder to pay a deposit immediately, with completion often required within a few weeks.
• A bridge can be useful when a conventional mortgage cannot be arranged quickly enough, or when the property does not currently meet standard mortgage lending criteria.
• Bridging finance is not simply a faster mortgage. It is normally a short-term facility that needs a clearly defined exit strategy.
• The exit may involve refinancing onto a conventional mortgage, selling the property, completing refurbishment and refinancing, or another acceptable repayment route.
• Interest rates, arrangement fees, valuation fees, legal costs and other charges need to be included in your total acquisition budget.
• The amount a lender will advance depends on factors such as property value, purchase price, condition, borrower circumstances, loan-to-value and the proposed exit.
• Buying at auction without arranging finance and understanding the completion timetable can expose you to significant financial risk.
• For London buyers, the property’s location does not remove the need for normal lender due diligence: the legal title, condition, valuation and exit strategy all matter.

What Is Bridging Finance for an Auction Property?

Bridging finance for auction property is a form of short-term property finance that can provide funds when an auction buyer needs to complete a purchase faster than a conventional mortgage can usually be arranged.

The concept is straightforward.

You find a property at auction.

You successfully bid.

Contracts become binding under the auction’s terms.

You now have a limited period in which to complete the purchase.

But your conventional mortgage may not be ready.

A bridging loan can potentially provide the short-term funding required to complete the acquisition, after which you repay the bridge through an agreed exit strategy.

The Financial Conduct Authority recognises buying at auction as one situation in which regulated bridging finance can be useful, alongside circumstances such as refurbishment, probate and breaking a property chain.

For auction buyers, the attraction is therefore not simply “speed”.

It is the ability to structure finance around a transaction where timing, property condition and the eventual repayment strategy may make a standard mortgage unsuitable.

Why Do Auction Buyers Use Bridging Finance?

Traditional auctions work differently from an ordinary residential property purchase.

With a normal purchase, you might have several weeks or months to arrange your mortgage before exchange and completion.

At a traditional auction, the contractual commitment can happen much faster.

Auction House currently explains that buyers normally need funds available on the auction day, with completion typically taking place between 14 and 28 days later. It also notes that arranging a conventional mortgage within those timescales can be challenging.

That creates several potential situations where auction bridging finance may make sense.

1. The auction completion deadline is too short for a mortgage

A mortgage lender may need to:

• Assess your application
• Conduct a valuation
• Review the property
• Carry out underwriting
• Issue a mortgage offer
• Satisfy legal requirements
• Coordinate completion

If the auction contract requires completion within a few weeks, there may simply not be enough time.

2. The property is not currently mortgageable

Some auction properties are sold because they need substantial work.

The property might have:

• Significant structural defects
• No functioning kitchen or bathroom
• Major water damage
• Fire damage
• Serious disrepair
• Planning issues
• A short lease
• Non-standard construction
• Occupancy complications

A conventional mortgage lender may decline the property or impose conditions that cannot be satisfied within the auction deadline.

A specialist bridge can potentially provide a short-term solution, subject to the lender’s criteria and valuation.

3. You want to refurbish before refinancing

Suppose you buy a property that is worth £500,000 once refurbished but needs £100,000 of work.

A conventional lender may be unwilling to lend against the property’s intended future value in the same way a specialist lender can structure a refurbishment facility.

A bridging facility may allow the acquisition and, depending on the lender and circumstances, potentially some refurbishment costs to be incorporated into the overall funding structure.

After the works are completed, the investor may refinance onto a longer-term mortgage based on the improved property.

4. Your mortgage application is not ready

You may intend to use a conventional mortgage eventually but need to complete the auction purchase first.

A bridge can potentially act as the temporary funding solution.

This is the classic:

Auction → Bridge → Mortgage

strategy.

How Does a Bridging Loan for an Auction Property Work?

The process can be broken down into several stages.

Step 1: Identify the auction property

Before bidding, you should investigate:

• Guide price
• Expected market value
• Property condition
• Legal title
• Tenancy position
• Lease length
• Planning
• Building issues
• Special Conditions of Sale
• Completion deadline
• Additional fees

The legal pack is particularly important.

Auction House’s current London auction listings warn buyers that additional administration charges, buyer’s premiums and disbursements can apply and that buyers should check the individual property information and legal pack.

Step 2: Establish your maximum bid

Do not start with:

“How much can the lender give me?”

Start with:

“What is the maximum price at which this property still makes financial sense?”

Your calculation should consider:

Purchase price + purchase costs + finance costs + refurbishment + contingency

Then compare that total with your expected end value or investment objective.

This is particularly important for investors buying below market value.

A property that looks cheap at £300,000 may become considerably less attractive after:

• £30,000 deposit
• £15,000 refurbishment
• £10,000 finance costs
• £5,000 professional fees
• £10,000 unexpected works

The headline auction price is only the beginning.

Step 3: Arrange auction finance

Ideally, you should discuss the proposed purchase with a specialist auction finance broker or lender before bidding.

The lender or broker will typically want information about:

• Purchase price
• Property value
• Property type
• Location
• Condition
• Borrower
• Existing property ownership
• Loan amount
• Deposit
• Proposed exit
• Refurbishment requirements
• Auction completion deadline

Depending on the lender, an initial assessment may be possible before the auction.

This can give you greater confidence about how much you can bid.

It does not, however, mean that you should assume a particular loan is guaranteed unless the lender has formally confirmed the relevant conditions.

How Much Can You Borrow With Auction Bridging Finance?

There is no single maximum LTV for every bridging loan.

The amount available depends on the lender, property and transaction.

As one current example, Auction House’s auction finance information says its featured lender offers short-term finance with borrowing of up to 75% of the property’s value, although this is not a universal market maximum.

Your actual borrowing capacity could depend on:

• Current property value
• Purchase price
• Loan-to-value
• Gross development value, where relevant
• Refurbishment plan
• Borrower profile
• Existing property equity
• Security offered
• Exit strategy
• Property type
• Location
• Lease terms
• Legal issues

A lender may also consider the loan-to-value against the purchase price and/or valuation, depending on its lending model.

This distinction matters.

Example: Buying a London Auction Property With a Bridge

Imagine you successfully bid:

£400,000

The property is independently valued at:

£500,000

You have:

£60,000 available cash

The property requires:

£50,000 refurbishment

And you expect the completed property to be worth:

£600,000

The transaction might look attractive because you are buying below the property’s expected value.

But the finance calculation still needs to account for:

• Auction deposit
• Purchase costs
• Finance fees
• Refurbishment
• Contingency
• Completion deadline
• Final valuation
• Exit mortgage criteria

A specialist lender may be able to structure a facility around the transaction, but the precise amount and structure depend on its underwriting.

The important point is that a large discount to market value does not automatically mean a lender will fund the transaction at the level you expect.

What Is the Exit Strategy on Auction Bridging Finance?

This is arguably the most important concept to understand.

A bridge is called a bridge because it is intended to take you from one financial position to another.

The lender wants to know:

How will the loan be repaid?

That is your exit strategy.

The most common exits for auction property include:

Exit 1: Refinance onto a conventional mortgage

This is common where the property is suitable for a mortgage once the purchase has completed.

The structure may look like:

Auction purchase → Bridging loan → Mortgage refinance → Bridge repaid

This can work particularly well when the auction completion deadline is too short for the mortgage to be arranged initially.

Exit 2: Refurbish and refinance

This strategy is common with renovation projects.

For example:

Buy property → Refurbish → Increase value → Refinance → Repay bridge

The investor may be seeking to improve the property before moving onto longer-term mortgage finance.

However, the anticipated post-refurbishment value should be treated as an estimate rather than a guarantee.

Exit 3: Sell the property

If you purchase the property as an investment and intend to sell it after completion or refurbishment, the sale proceeds may be used to repay the bridge.

The lender will want the proposed sale strategy to be credible.

Exit 4: Refinance onto buy-to-let

A property investor may purchase through a bridge and subsequently refinance onto a buy-to-let mortgage once the property meets the relevant lender’s criteria.

This may be particularly relevant where the property is being refurbished before being rented.

Why Is the Exit Strategy So Important?

A bridging loan can be expensive if it remains outstanding longer than planned.

More importantly, your planned exit may not happen.

For example:

You purchase for £400,000.

You expect to refinance at £500,000.

But the post-completion valuation comes in at £450,000.

Your intended mortgage may no longer provide enough funds to repay the bridge.

You could then face a funding shortfall.

This is why a robust bridging strategy should include stress testing.

Ask:

• What if the valuation is lower?
• What if refurbishment costs increase?
• What if the works take longer?
• What if the mortgage application is declined?
• What if interest rates change?
• What if the property takes longer to sell?
• What if the auction legal process creates a delay?

The FCA has specifically emphasised that regulated bridging finance should be a genuine bridge with a clear purpose and exit strategy.

How Much Does Bridging Finance for Auction Property Cost?

The cost varies significantly between lenders and transactions.

Rather than looking only at the headline interest rate, you should calculate the total cost of borrowing.

Potential costs can include:

• Interest
• Arrangement fee
• Valuation fee
• Legal fees
• Broker fee
• Exit fee, where applicable
• Administration fees
• Other lender charges

The way interest is charged can also differ.

For example, interest may be:

• Paid monthly
• Rolled up
• Retained from the loan advance
• Structured in another way

The exact arrangement affects how much cash you need to contribute and the eventual amount required to repay the facility.

A Simple Bridging Finance Example

Suppose you borrow:

£300,000

Assume, purely for illustration, an interest rate of:

1% per month

If the entire £300,000 remained outstanding for six months and interest were calculated simply at that rate, the interest would be approximately:

£300,000 × 1% × 6 = £18,000

That is only an illustration.

Actual bridging finance calculations can be more complex, particularly where interest is retained, rolled up or where fees are added to the facility.

This is why you should request a full illustration showing:

Gross loan → fees → retained interest → net advance → total repayment

rather than comparing interest rates alone.

Can Bridging Finance Cover the Auction Deposit?

Potentially, depending on the lender and structure.

This is an area where buyers should be particularly careful.

At a traditional auction, the successful bidder will commonly need to pay a deposit immediately. Auction House currently states that this is normally 10% of the purchase price, with the remaining balance and fees due at completion.

The fact that you intend to use bridging finance does not automatically mean the lender will hand you the deposit separately.

The funding structure needs to be agreed before you bid.

You should establish:

1. How much cash you must contribute.
2. How much the bridge can fund.
3. Whether fees and interest are added to the facility.
4. Whether the deposit forms part of the funding structure.
5. How much will actually be available for completion.
6. Whether the lender can meet the auction deadline.

Never assume that an advertised LTV tells you exactly how much cash you need.

Bridging Finance vs Mortgage for an Auction PropertyA common question is:

“Why not just use a mortgage?”

Sometimes you can.

The issue is that an auction purchase can create a timing problem.

Factor	Bridging Finance	Conventional Mortgage
Speed	Usually designed for faster completion	Can take longer
Term	Short-term	Long-term
Property condition	Potentially more flexible	Usually stricter
Auction deadlines	Often better suited	Can be challenging
Interest cost	Typically higher	Usually lower
Exit strategy	Essential	Not usually described as a bridge
Refurbishment	Can potentially accommodate certain projects	Depends on lender/product
Best use	Short-term funding gap	Longer-term borrowing

The key is not that bridging finance is “better”.

It is that different types of finance solve different problems.

If you can obtain an appropriate mortgage in time and the property meets the lender’s criteria, a conventional mortgage may be the more cost-effective long-term solution.

If the auction deadline is too tight or the property cannot currently support standard mortgage lending, a bridge may be more appropriate.

When Is a Bridging Loan for an Auction Property a Good Idea?

Bridging finance can be worth considering when several of the following apply:

The completion deadline is tight

You need to complete within a few weeks and a conventional mortgage cannot realistically be ready.

The property requires refurbishment

The property may become mortgageable after essential works have been completed.

You are buying below market value

There may be sufficient value in the transaction to support a specialist funding structure.

You have a clear exit

You know how the bridge will be repaid and have considered potential obstacles.

You have adequate contingency

You are not relying on everything going perfectly.

You understand the total cost

The projected profit or investment return remains attractive after finance costs.

When Might Bridging Finance Be a Bad Idea?

Bridging finance is not automatically suitable simply because you are buying at auction.

It could be inappropriate where:

• The exit strategy is uncertain.
• The property value is unclear.
• Your expected refinance depends on an optimistic valuation.
• You have insufficient funds for the deposit and costs.
• The refurbishment budget is unrealistic.
• You have no contingency.
• The purchase only works if the property sells immediately.
• The legal pack contains unresolved issues.
• You have not confirmed the lender’s criteria.
• The expected profit disappears once finance costs are included.

The speed of bridging finance can make it tempting to focus on getting the deal completed rather than asking whether it is a good deal.

That is the wrong way around.

The finance should support a viable transaction—not rescue an unviable one.

What Types of Auction Properties Can Bridging Finance Help With?

Specialist lenders may consider a wider range of properties than some mainstream mortgage lenders, subject to their criteria.

Potential examples include:

• Residential properties
• Flats
• Houses
• HMOs
• Commercial properties
• Semi-commercial properties
• Mixed-use properties
• Development opportunities
• Refurbishment projects
• Properties requiring substantial works

Auction House’s current auction finance information states that its featured finance provider supports residential, commercial, semi-commercial and land transactions.

However, “bridging finance can be used for this property type” does not mean every lender will accept every property.

The property’s exact condition, legal status, value and intended use still need to be assessed.

Can You Get Bridging Finance on a Derelict Auction Property?Potentially.

This is one of the areas where bridging finance can be useful because some severely distressed properties may not satisfy the requirements of conventional mortgage lenders.

For example, a property might require:

• Structural repairs
• Roof replacement
• New plumbing
• Rewiring
• New heating
• Bathroom installation
• Kitchen installation
• Major internal refurbishment

A specialist lender may be prepared to consider the property where a mainstream lender would not.

But this generally comes with increased complexity.

The lender may require:

• A detailed refurbishment schedule
• Contractor information
• Cost estimates
• Valuation
• Evidence of experience
• Contingency
• A credible exit strategy

You should never assume that “derelict” automatically means “easy to finance with a bridge.”

Bridging Finance for London Auction Properties

London presents a particularly interesting environment for auction buyers.

Property prices can be high, meaning relatively small percentage movements in value can translate into substantial sums.

For example, a 10% difference on:

£300,000 = £30,000

But a 10% difference on:

£800,000 = £80,000

That makes accurate valuation and financial modelling especially important.

The FCA’s Q1 2026 data shows that regulated bridging loan sales in Central & Greater London represented £168.85 million across 195 sales during the quarter.

That data covers regulated bridging lending generally rather than auction purchases specifically, so it should not be interpreted as a measure of London auction bridging demand. However, it demonstrates the scale of regulated bridging activity in the London market.

For London auction buyers, the key consideration remains the individual transaction.

How to Apply for Auction Bridging Finance

A typical process might look like this.

1. Find the property

Obtain the auction particulars and legal pack.

2. Review the legal documentation

Have the relevant documents reviewed before bidding.

3. Establish the property’s value

Consider both current value and, where appropriate, realistic post-refurbishment value.

4. Calculate the total project cost

Include:

• Purchase price
• Deposit
• Auction fees
• SDLT
• Legal costs
• Valuation
• Finance fees
• Interest
• Refurbishment
• Contingency

5. Speak to a specialist finance broker or lender

Provide the transaction details.

6. Establish your maximum bid

Do this before the auction.

7. Arrange funding

Make sure the proposed facility fits the auction’s completion deadline.

8. Bid

Only bid within the financial limits established beforehand.

9. Complete

Once you win, the finance needs to move quickly.

10. Execute the exit strategy

Refinance, sell or otherwise repay the bridge according to the agreed plan.

What Documents Might a Bridging Lender Need?

The exact requirements vary, but you may be asked for:

Property information

• Auction particulars
• Legal pack
• Title documents
• Existing tenancy information
• Planning documents
• Property photographs
• Valuation

Borrower information

• Identification
• Address history
• Proof of funds
• Details of existing property assets
• Company information where applicable

Refurbishment information

If works are involved:

• Schedule of works
• Contractor quotations
• Project timeline
• Planning permissions where relevant
• Building regulations information

Exit information

The lender may want evidence supporting your proposed repayment route.

For example:

Mortgage exit:
Evidence that the property should qualify for the intended mortgage.

Sale exit:
Evidence supporting the anticipated sale value and strategy.

A good application is not simply:

“I need £400,000 quickly.”

It is:

“Here is the property, here is what I am buying it for, here is the current value, here is what I intend to do with it, here is how much I need, and here is how I will repay the loan.”

The Biggest Mistake: Bidding Before Arranging Finance

This deserves emphasis.

Auction finance should ideally be considered before the auction, not after.

Once the hammer falls, you may have a binding contractual obligation.

If you subsequently discover that:

• The lender will not finance the property
• The valuation is too low
• The property is unacceptable security
• The loan amount is insufficient
• The completion deadline is too short
• Your exit does not work

you may have very few options.

Auction House similarly advises buyers to consider their funding arrangements because the transaction moves quickly after the auction.

The safest auction strategy is to know how you intend to finance the property before you bid.

What If Your Bridge Cannot Be Repaid on Time?

This is one of the key risks.

Suppose your bridge is due to be repaid after 12 months.

Your intended exit is a mortgage.

But your refinance is delayed because:

• The refurbishment is unfinished.
• The valuation is lower than expected.
• The property does not meet the mortgage lender’s criteria.
• Your financial circumstances have changed.
• The mortgage application is declined.

You may need to discuss options with your lender.

Depending on the circumstances, this could involve extending the facility, refinancing elsewhere or selling the property.

But none of these outcomes should be assumed.

The best protection is to plan the exit conservatively from the beginning.

How to Stress-Test an Auction Bridging Deal

Before committing, run at least three scenarios.

Scenario A: Your expected outcome

Use your realistic purchase price, refurbishment budget, valuation and exit.

Scenario B: Lower valuation

Assume the property is worth less than expected.

Ask:

Can I still refinance and repay the bridge?

Scenario C: Higher costs and longer timeframe

Assume:

• Refurbishment costs increase.
• Works take longer.
• The property takes longer to sell.
• Additional interest accumulates.

Ask:

Does the transaction still work?

If the deal only works under the perfect scenario, it may be too risky.

Example: A London Auction Bridge From Purchase to Refinance

Consider a hypothetical London investment property.

Purchase

Auction purchase price:

£450,000

Auction deposit

Assume 10%:

£45,000

Refurbishment

Estimated works:

£60,000

Other acquisition and professional costs

Assume:

£25,000

Total estimated project cost

£535,000

Now suppose the investor expects the refurbished property to be worth:

£650,000

The intended strategy might be:

Buy with bridging finance → Complete refurbishment → Obtain new valuation → Refinance onto a longer-term mortgage → Repay bridge

But the investor should not simply assume that a £650,000 valuation will materialise.

The transaction should be stress-tested against a lower valuation and higher costs.

That is what separates a financeable auction project from a project that merely looks profitable on paper.

Is Bridging Finance More Expensive Than a Mortgage?

Usually, bridging finance has a higher cost of borrowing than a conventional mortgage.

That is partly because you are paying for:

• Speed
• Flexibility
• Short-term availability
• Potentially broader property criteria

However, comparing only the monthly interest rate can be misleading.

A bridge that costs more per month but allows you to complete a highly time-sensitive acquisition may be economically preferable to a cheaper mortgage that cannot meet the auction deadline.

The correct comparison is:

Total finance cost vs value of the opportunity and the alternatives available.

Is Auction Bridging Finance Regulated?

The regulatory position depends on the nature of the borrower, property and transaction.

Some bridging loans are regulated mortgages; others are not.

The FCA’s mortgage perimeter guidance includes specific treatment of certain bridging loans, including temporary financing arrangements used while transitioning to another financial arrangement.

This is an area where you should not rely on a generic statement such as “bridging finance is regulated” or “bridging finance is unregulated.”

The correct regulatory status needs to be established for your specific transaction.

If you are a consumer, make sure you understand whether the proposed finance is regulated and what protections apply.

How London Mortgage Broker Can Help With Auction Finance

Buying at auction creates a very different financing timetable from an ordinary property purchase.

The challenge is often not simply finding a lender.

It is finding a funding structure that works with:

• The auction deadline
• Property condition
• Purchase price
• Valuation
• Deposit requirement
• Borrower circumstances
• Refurbishment plans
• Long-term mortgage options
• Exit strategy

A specialist broker can help you assess the transaction before you commit to a bid and identify whether a conventional mortgage, bridging facility or another form of auction property finance is more appropriate.

If you are considering an auction property in London, contact London Mortgage Broker to discuss your finance requirements.

Frequently Asked Questions About Bridging Finance for Auction Property

What is bridging finance for auction property?

It is short-term property finance designed to help buyers complete an auction purchase when a conventional mortgage may not be suitable or cannot be arranged within the auction’s required timeframe.

Can I use a bridging loan to buy a property at auction?

Yes, bridging loans can be used for auction purchases, subject to the lender’s criteria, valuation, property type, borrower circumstances and proposed exit strategy. The FCA identifies buying at auction as one potential use of regulated bridging finance.

How quickly can auction bridging finance be arranged?

The timeframe varies by lender and transaction. Auction House currently says its featured auction finance provider can potentially make funds available within 7–10 days, although this should not be treated as a guarantee for every transaction.

How much deposit do I need for auction bridging finance?

The amount depends on the lender, property and structure. Traditional auctions commonly require a 10% contractual deposit, but the amount you personally need to contribute can differ depending on how the bridging facility is structured.

Can bridging finance cover the 10% auction deposit?

Potentially, but it depends on the lender and facility. You should confirm exactly how the auction deposit will be funded before bidding.

Can I get bridging finance for a property that needs renovation?

Potentially. Specialist lenders may consider refurbishment properties that do not meet conventional mortgage criteria, subject to the property’s value, works, borrower and exit strategy.

Can I refinance a bridging loan onto a mortgage?

Yes. Refinancing onto a conventional mortgage is one of the common exit strategies for bridging finance. However, the property and your financial circumstances must meet the eventual mortgage lender’s criteria.

What happens if my mortgage application fails?

You remain responsible for repaying the bridging facility. You may need to consider an alternative lender, another exit strategy, an extension or sale, depending on the circumstances.

Is bridging finance expensive?

It can be more expensive than a conventional mortgage because it is short-term and designed for speed and flexibility. You should compare the total cost, including interest and fees, rather than the headline rate alone.

Can I use bridging finance for a London auction property?

Yes, London auction properties can potentially be financed through bridging loans. The lender will still assess the specific property, value, legal position, borrower and exit strategy.

Do I need to arrange bridging finance before the auction?

It is strongly advisable to have your funding strategy established before bidding. Winning an unconditional auction property can create a binding obligation with a short completion period.

What is the best exit strategy for an auction bridge?

There is no single best exit. Common strategies include refinancing onto a mortgage, refinancing after refurbishment, selling the property or using another source of capital. The appropriate exit depends on the individual transaction.

Final Thoughts: Bridging Finance Can Solve the Auction Timing Problem – but It Is Not a Shortcut Around Due Diligence

Bridging finance for auction property can be an extremely useful tool for London buyers.

It can potentially solve one of the biggest problems associated with auction purchases:

You have to complete quickly, but your long-term finance may not be ready.

It can also provide a funding route for properties that need refurbishment or do not immediately fit mainstream mortgage criteria.

But the speed of a bridging loan should never replace proper due diligence.

Before bidding, you should know:

What am I buying?

What is it really worth?

How much will the entire project cost?

How much will I need to contribute?

What will the bridge cost?

When must I complete?

How will I repay the bridge?

And perhaps most importantly:

What happens if my original plan does not go exactly as expected?

If the numbers still work after reasonable stress testing, auction bridging finance may be a powerful part of your property acquisition strategy.

If they do not, the best decision may be not to bid.

For London buyers considering an auction purchase, the right finance should be planned before the hammer falls—not after it.

Speak to London Mortgage Broker about your auction property finance requirements.

Related Auction Finance Guides

Continue your research with:

• Can You Get a Mortgage on an Auction Property?
• How Much Deposit Do You Need for an Auction Property?
• Auction Finance vs Mortgage
• Contact London Mortgage Broker

Suggested Supporting Resource

Add an auction finance calculator to this article if you have access to one. Ideally, it should allow readers to estimate:

• Purchase price
• Deposit
• Loan amount
• LTV
• Interest
• Arrangement fees
• Estimated legal costs
• SDLT
• Refurbishment costs
• Total project cost
• Estimated exit value
• Potential refinance requirement

This would strengthen the page’s usefulness for commercial-intent searches such as “auction bridging finance calculator”, “auction finance calculator UK” and “how much bridging finance can I get for an auction property?”

Important: Bridging finance is specialist lending and the terms, rates, fees, LTV and eligibility criteria vary between lenders and individual circumstances. This article provides general information and is not legal, tax or financial advice. Auction buyers should review the legal pack and Special Conditions of Sale and obtain appropriate professional advice before bidding or entering into finance.