Buying property at auction can unlock serious value, but it comes with a catch: you usually need to complete within 28 days. Standard mortgages often take too long. That’s where Auction Finance comes in.
At Mortgage Knight, we help investors, landlords, and homebuyers secure quick and flexible auction funding so they never miss out on a winning bid. Whether you’re buying with cash, using bridging, or need a refinance strategy, we’ll guide you from hammer to handover.
Auction finance is short-term lending (usually a bridging loan) used to purchase property at auction. It allows you to:
Once the deal completes, you’ll either refinance with a term mortgage or sell the property and repay the loan.
We arrange auction finance for:
Even if you’ve been declined elsewhere, we can help get the deal over the line.
We can get you a decision in principle based on guide price before you bid.
You’ll pay the 10% deposit on the day and commit to the purchase.
Valuation, underwriting and legal work begin immediately. We liaise with all parties.
You complete on time. If needed, we help you refinance or sell post-completion.
Status: Alex won a 2-bed flat at auction for £135,000, needing cosmetic work.
Challenge: Standard mortgage couldn’t complete in time.
Solution: We arranged a £101,250 bridging loan (75% LTV) in 9 working days.
Outcome: Alex completed on time, refurbished the flat, and refinanced on a 5-year BTL 3 months later.
Status: Sarah was buying a terraced house in Liverpool, her first-ever property purchase.
Challenge: She needed funds quickly and guidance on the process.
Solution: We secured a £90,000 bridge loan, arranged a solicitor familiar with auctions, and guided her through it.
Outcome: Sarah completed in 2 weeks, did a light refurb, and now rents the property out profitably.
Status: A property investor bought a derelict house with no working kitchen or heating.
Challenge: No mortgage lender would touch it.
Solution: We arranged a £220,000 bridging loan for purchase and refurb works.
Outcome: Post-renovation, the investor refinanced on a valuation of £350,000.
If you’re bidding at auction, let’s make sure you’ve got the finance in place to complete with confidence. We’ll help you act fast, avoid delays, and never miss out on the perfect deal.
Speak to Mortgage Knight today for pre-auction approval or a same-day quote.
A: We’ve completed in as little as 5 days. Most cases complete within 7–14 working days, depending on valuation and legals.
A: Yes. We can give you a decision in principle and funding terms based on the property’s guide price, so you bid with confidence.
A: Yes. Many lenders focus on the property and exit plan, not your credit score.
A: Usually 10% of the purchase price on the day of the auction. The remaining 90% is due within 28 days.
A: Absolutely. We’ll help you exit bridging finance with a BTL, residential, or commercial mortgage depending on your plans.
