Together: Specialist Lenders with Auction House London
Buying property at auction is fast and competitive and a winning bid immediately enters you into a legally binding contract, with typically just 28 days to complete the purchase. It can be an intense and high-pressure situation, so having your finances arranged ahead of time is essential.
That is why Auction House London partners with Together, a specialist lender with over five decades of experience in property finance. Thanks to the ability to secure a decision in principle (DIP) with just a few basic questions, this collaboration makes securing funding quicker, easier and more flexible for property buyers.
Why Auction Finance Needs a Specialist Approach
Purchasing property through traditional methods allows time for mortgage applications, property surveys and drawn-out negotiations. Auctions don’t offer that luxury. The process is rapid, with little room for delays. Without financing lined up, or at least a strong plan, you risk losing the property and your deposit.
This is where working with Together can provide a huge advantage. As a lender focused on auction finance, Together understands the urgency that buyers face. Their approach is flexible and fast, tailored to meet the specific demands of auction purchases. For over fifty years, Together has been helping thousands of people, businesses and professionals achieve their property ambitions with a common sense approach to lending.
The Importance of Securing Finance Before the Auction
Bidding on a property at auction whether a timed online auction or Livestream without a clear idea of how much you can borrow is risky business indeed. Uncertainty about your finances can lead to missed opportunities at best, or winning a bid you can’t afford to complete at worst.
Together makes it easy to avoid such scenarios by allowing you to arrange a DIP before the auction begins so you will know exactly how much you can borrow. The process is straightforward, the team at Together will ask a few basic questions about your income, the property type and your borrowing needs. Once armed with a DIP, you can bid confidently on the day of the auction, in the knowledge that you have got a lender ready to step in as soon as the hammer falls.
What If You Secure the Property First?
Of course, not every buyer has their finances completely sorted before auction day. Sometimes, somebody might win a bid on a property and only then realise they need to arrange funding quickly. Together is also equipped for this situation, offering fast and flexible finance solutions designed to meet tight deadlines.
Unlike traditional lenders that rely heavily on strict credit checks and rigid documentation, Together takes a more holistic approach based on the types of properties that you often see at Auction. They consider various factors such as your income, the property’s value and your specific circumstances. This flexibility makes it easier to secure finance, even if your situation doesn’t fit the mould of conventional mortgage applications.
Flexibility for a Wide Range of Properties
Traditional lenders often hesitate to finance properties that fall outside standard criteria, but Together thrives in this space, enabling you to bid on residential homes or commercial units, as well as mixed-use properties and even plots of land.
Whether it’s a fixer-upper in need of major renovations, a unique building with non-standard construction, or a plot of land with no planning consent, Together’s flexible lending approach provides solutions tailored to your needs.
Support Throughout the Auction Process
Auction finance isn’t just about securing a loan, but also about having the right support at every stage of the process. That is why Auction House London’s partnership with Together is such a valuable resource for buyers.
As mentioned above, Together can help you secure a DIP before the auction to give you clarity on your budget and borrowing potential. Then during the auction, their team will be available to answer questions and provide guidance if needed. After you buy a property at auction, they will work quickly to finalise your financing, ensuring you meet the tight completion deadline without unnecessary stress.
Having access to such expert advice and fast, flexible finance solutions can make the entire auction experience smoother and less stressful.
Making Auction Finance Accessible
The partnership between Auction House London and Together isn’t just about convenience. It’s about making auction finance more accessible to a wider range of buyers. Property auctions can be daunting, especially for newcomers. The fast pace, competitive environment and strict deadlines create barriers that deter many potential buyers.
By offering tailored finance options, quick decisions and expert support, Together helps break down those barriers. Their approach is designed to give buyers the confidence to participate in auctions, regardless of their level of experience. Whether you are an investor adding to your portfolio or an individual looking for your first property, this partnership ensures you have the financial tools and support you need.
How to Get Started
If you are planning to bid at an upcoming Auction House London event, getting in touch Together is a smart first step. Their team can quickly assess your needs, guide you through the finance process, and help you secure a confidence-boosting DIP.
Even if you have already won a property at auction, Together can still help. Their fast, flexible approach means they can provide funding solutions tailored to meet the tightest of deadlines.
If you want to learn more about securing a DIP from specialist lenders Together, then contact the team at Auction House London. If you’re looking to buy residential or commercial property at auction, you can browse through the lots listed in our forthcoming auction. Or, if you have property you want to sell, why not see how much it could be worth in an auction with a free valuation.