Frequently Asked Questions
How quickly can I complete an auction purchase with bridging?
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Most auction bridging loans can complete in 7-14 days, well within the standard 28-day auction deadline. Some lenders can complete even faster for straightforward cases.
What LTV can I get for an auction purchase?
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Typically up to 70-75% LTV for standard residential properties. Higher LTVs may be available for lower-risk properties or with additional security.
Do I need a deposit for auction bridging?
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Yes, you'll need to fund the 10% auction deposit yourself. The bridging loan covers the remaining 90% (subject to LTV limits and valuation).
Can I buy unmortgageable properties at auction?
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Yes, this is a key advantage of bridging. Lenders will consider properties that high street banks won't touch - no kitchen, no bathroom, structural issues, etc.