Auction Finance Calculator
Businesses and individuals can purchase a property at auction. Auction finance is a specialist property loan. Property auctions are an important part of the property market. It allows investors, lenders and individuals an opportunity to measure the health of the market. Use our auction finance calculator to figure out your costs.
The auction finance calculator will allow you to understand what the costs are to secure a property at auction. If you have bought a property at auction you will have 28 days to complete the sale using your solicitor. But you may need to raise a short term loan to secure the property. The auction finance calculator will provide you with a breakdown of your gross loan and how much you can borrow after costs.
Buying at auction can be a liberating experience for anyone, but know what your financial expectations are is critical. Speak with one of our experts today and they will be able to give you a bespoke indication of the costs to expect if you are buying an auction property. If you would like to know more about buying at auction read our blog The Golden Rules Of Buying At Auction.