There are many factors to bear in mind when buying a property at auction in Haymarket, not least of which is to have your auction finance in place. Our skilled mortgage brokers, located throughout Edinburgh, can arrange this quickly for you. They work closely with lenders who appreciate the time constraints on auction purchases.
Before you attend an auction, our auction finance brokers can arrange a mortgage in principle for you. When you’ve made a successful bid, the mortgage process will be moved along swiftly to meet the short deadline. In the event of unforeseen delays, our mortgage specialists can also arrange short-term auction finance for you, such as a bridging loan. This enables you to complete your purchase even if your longer-term finance hasn’t been finalised.
Talk to our auction finance experts today on 01322 907 000 or send us an email at email@example.com. We assist you throughout the entire auction process to ensure it goes smoothly for a stress-free experience. If it’s out of office hours, send your query to us via our contact form. We will reply to you as quickly as possible with more information.
Be prepared for your auction purchase
At Trinity Finance, we have excellent relationships with lenders who are used to handling mortgages for auction purchases. This enables our auction finance brokers in Edinburgh to locate the best mortgage deal for your circumstances and needs.
Our finance specialists can help you understand the distinctions between a conditional and an unconditional auction sale. They can also clarify the differences between guide and reserve prices. They can provide guidance on how to do your due diligence, such as instructing a surveyor before the auction and checking the information contained in the legal pack. We work in close collaboration with solicitors and will be pleased to recommend one to look after the legal side of your purchase at auction.
Unexpected delays can occur even when you’ve done your utmost to be ready for the auction process. For example, you may already have had a valuation carried out and be in possession of a mortgage in principle. An unforeseen obstacle, however, could jeopardise the completion from happening on time. For this reason, it is worth considering having some short-term finance in place. Our mortgage brokers in Edinburgh can organise a bridging loan for you, giving you leeway while your longer-term finance completes.
Organise your auction finance in Haymarket
We have assisted numerous clients in Haymarket and the nearby areas with their auction finance requirements. Our mortgage specialists have set up auction finance throughout Edinburgh and we have many happy clients in the Southside, Morningside, Tollcross, Stockbridge and the local areas.
Contact us on 01322 907 000 to talk about the auction procedure. This helps you to familiarise yourself with the best practices to observe before, during and after bidding at an auction. As specialists in auction finance, we can find flexible, competitive products that are designed to meet your needs. No matter what you are looking for – whether it is a bridging loan, exit finance, a commercial loan or buildings insurance – send your enquiry to us by email at firstname.lastname@example.org or via our contact form. Our auction finance brokers will reply to you with detailed information.