auction finance

Investors looking to buy property at auction often need auction finance. The main benefit of auction finance is the speed at which funds can be delivered. MT Finance is often able to make lending decisions within hours of an initial enquiry, so funds can be released in a matter of days.

What’s more, we will work closely with you to ensure you go into an auction fully prepared and at a competitive advantage over others.

If you have identified a target property and set yourself a maximum level you are willing to pay, we can review your loan options at an early stage, prior to auction and provide you with an Offer in Principle. You can then go into an auction room and bid with confidence, knowing your finance will be delivered in time for completion, with minimum fuss.

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product features:

  • Rates from 0.99%
  • Loans from £50,000- £10,000,000
  • Up to 70% LTV
  • Terms from 1-24 months
  • Residential/commercial/semi-commercial assets
  • Adverse credit, CCJs and arrears accepted
  • No up-front fees, no exit fees, no ERCs
  • No credit scoring

our process

  1. step 1


    You can apply one of three ways. You can either call us to speak to one of the team directly, send your enquiry via email, or fill in our Quick Enquiry form. Alternatively, you can Request a Callback and one of our experts will be in touch with you when convenient.

  2. step 2


    We will review your enquiry and if our criteria matches your requirements, we will review and respond with an Offer in Principle (OIP). We can usually provide you with an OIP within 2 business hours. If you're happy with our offer, simply sign it and email it back to us.

  3. step 3


    We will instruct a RICs surveyor from our panel to value all properties offered as security for the loan – our valuation reports are typically produced within 72 business hours. Whilst we wait for the valuation report, we will need your solicitor’s details.

  4. step 4


    We will send your solicitor our Checklist of Requirements. If the valuation report is acceptable for the loan to proceed as per the terms agreed, we will confirm this to your solicitor and then issue the mortgage deed for your witnessed signature.

  5. step 5


    Once our solicitor is in receipt of all satisfactory replies and supporting documentation, we are ready to go! Within 24 hours of receipt of the report on title, we arrange the transfer of funds to your solicitor to complete the transaction.

we are a leading property finance lender

providing fast, flexible and transparent solutions including:

Bridging Loans

We believe a bridging loan should either make or save a borrower money. Our streamlined process allows us to cut through delays and deliver funds exactly when, and how, they are needed.

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Refurbishment Loans

Our short-term refurbishment loan products are available to property investors, landlords and developers who are looking to upgrade their investment assets with speed and minimum fuss.

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Auction Finance

The main benefit of auction finance is the speed at which funds can be delivered. MT Finance is able to deliver funds in a matter of days and we can approve an application prior to auction.

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Property Conversion

Our heavy refurbishment product is designed to help property investors and developers fund a renovation with speed. We can also provide funding in stages to keep the costs down.

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Second Charges

A second charge bridging loan could be the ideal solution for those who already have a mortgage secured against their property but require further funds for a short period of time.

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Property Purchase

A short-term loan from MT Finance is an effective means of raising funds quickly, enabling landlords and property investors to take advantage of investment opportunities in the buy-to-let market.

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Business Funding

Whether funds are needed to acquire stock, provide additional capital to stimulate growth, or to facilitate a new venture, MT Finance is committed to providing liquidity to the SME sector.

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Urgent Transactions

We can make lending decisions within hours of initial enquiry and release funds in less than a week, preventing borrowers from missing out on time-sensitive opportunities that come their way.

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  1. What Are The Pros of Bridging Loans from MT Finance?

    Speed - The speed of funds is the main benefit of using bridging finance, with deal completion often within an average of 1 to 6 weeks. When compared to a typical mortgage that can take weeks and months to get a decision and complete, MT Finance can usually give indicative terms on a bridging loan within 24 hours.

    Our goal is to help streamline the process for you as quickly as possible, whilst carrying out all essential checks on you and the property. So, if you have a property that is sought-after or being purchased at an auction, our team is ready to help you complete as fast as possible.

    Become a Cash Buyer - With bridging loans, you are converted into a cash buyer, allowing you to avoid the traditional delays associated with property chains and helping you to complete on a property immediately. With chains often being the main reason that a property purchase is delayed, you can avoid a lot of headaches to complete the deal as soon as you can - making it ideal for property buyers, developers, and investors.

    Flexible Borrowing - Bridging finance reviews every candidate on a case-by-case basis, making it far more approachable than mainstream banks and lenders. MT Finance is able to take an individual view on a customer, their property and their history, which results in providing more bespoke terms for you and your project. With the option to borrow large sums over 1 to 24 months, we are pleased to offer a flexible arrangement to suit your requirements.

  2. What Are The Types of Bridging Loans?

    Open - With an open bridging loan it means that the end date or repayment date is not yet finalised. Your exit might be to renovate and sell the property at a higher price, but the date is not yet confirmed. In most cases you will be required to pay back the loan within 24 months or refinance at this point under different terms.

    Closed - With a closed bridging loan, you will have fixed terms and a clear repayment date. This could be from buying a property through an auction, purchasing a new home before being able to sell your own one or even transforming a property and renting it out through buy-to-let.

    First or Second Charge - MT Finance can offer bridging loans by way of first or second charge. As first charge, this takes priority as the first payment to be collected from the property each month. As the second charge, this is the second priority when it comes to repayments against a property. If you have an existing mortgage, your bridging loan will typically be your second charge, also known as a second mortgage.

    Fixed or Variable Interest - A bridging loan will have either fixed or variable rates, whereby the rates you are charged will stay the same throughout the loan term (fixed) or they are variable and will change during the loan term.

    Bridging Loan Example

    Our client required £128,009 to undertake a heavy refurbishment on one of their rental properties which included a loft conversion, downstairs extension, and a renovation throughout. Within 2 weeks, we delivered a second charge bridging loan of £128,009 against their additional rental property at 37.8% loan-to-value, with interest retained at 0.75% over a 12-month term.


Auction finance can be a fast and effective way to purchase a property from an auction.

There are some great deals from buying property at an auction and if you have done your research, you could be in for a bargain.

If you have attended the auction day and won the bid, you are required to pay 10% upfront once the gavel hits.

You have 28 days to come up with the remaining 90% of the property value – and whilst this can often be supplemented with savings and by other investors, many people turn to auction finance to get access to quick funds and seal the deal.

Auction finance provides funds within the 28-day period so you do not risk losing your property won at auction – and you are not bound by delays or administration associated with traditional mortgages.

If you cannot come up with the required funds in 28 days, you will risk losing the property that you won at auction and your 10% deposit.

Auction finance provides a fast solution and can typically be funded in 2 to 4 weeks, or sooner, if you have prepared your application beforehand.

The potential margins on winning and redeveloping a property won at auction can be substantial and not something that you want to risk losing.

To approve an auction finance application, MT Finance will need to know a little more about the property you have purchased (or intend to purchase), including its current state, value and your plans for it.

We require every applicant to be a UK-resident and to provide plans and information about the property that they are purchasing.

We are a non-status lender and are willing to consider the self-employed and individuals with little or adverse credit histories.

Yes, you can apply for auction finance before the auction date and we can offer you indicative terms and an understanding of what your maximum bid can be.

Your loan can be pre-approved and subject to winning the property at auction, you can proceed very quickly thereafter.

However, this is not a pre-requisite and you can always apply for auction finance after the bid has been won.

MT Finance can approve auction finance loans within a matter of days and successfully transfer funds to the individual or business within 2 to 4 weeks. The factors that might delay the funding process include the complexity or features of the property under offer.