Decision in Principle typically within 24-48 hours. Full approval and completion within 7-28 days depending on property complexity and documentation completeness. Always arrange finance before bidding at auction.

Yes, though requirements are stricter. Expect to provide higher deposits (35-40%), demonstrate clear exit strategies, engage experienced professionals, and potentially accept slightly higher rates. Many lenders welcome first-time investors with proper planning.

Typically 25-40% of purchase price. Experienced investors may secure 75% LTV (25% deposit). First-time investors usually need 30-40% deposits. This is separate from the 10% auction deposit paid on the day.

Yes, many lenders offer refurbishment funding alongside purchase finance. Funds typically released in stages as work progresses. Requires detailed costings, contractor quotes, and project timelines.

Auction finance specifically caters to unmortgageable properties. Non-standard construction, poor condition, short leases, and other issues preventing traditional mortgages are acceptable. Your exit strategy must address these issues (refurbishment, lease extension, etc.).

You lose your 10% deposit and may face legal action from the seller. This is why pre-arranged auction finance with certainty of completion is essential. Never bid without confirmed funding.

Yes, specialist commercial auction finance is available for offices, retail units, industrial property, and mixed-use buildings. Terms and rates vary from residential auction finance.

Most lenders offer extensions (typically 3-6 months) for additional fees. Plan conservatively with timeline buffers. Communicate delays to lenders early. Extensions aren’t guaranteed, so realistic planning is essential.