top of page

AUCTION FINANCE MANCHESTER

At MS Lending Group, we are proud to have helped countless clients with auction property finance throughout Manchester. 

 

Find out here how you can become one of our valued clients and succeed in your investment goals with our help.

What Is Auction Property Finance?

Auction property finance, bridging finance in particular, is the financial solution designed to help you purchase properties at auction with funds provided by a short-term lender for a more competitive edge.

 

Ultimately, when you bid on a property, you’re typically required to pay a deposit immediately (often at least 10% of the purchase price), with the remaining balance due within 28 days. This short time frame can put immense pressure on finding mortgages, as mortgages can typically be lengthy processes. 

 

That being said, auction bridging finance becomes an invaluable option, allowing for competitive bidding and confident investments.

How Bridging Loans Assist Auction Property Transactions

Bridging loans offer a fast, flexible, and efficient solution for securing the funds needed to purchase auction properties. 

 

Unlike traditional mortgages, which often involve lengthy application processes and extended approval times, bridging loans are specifically designed to meet the time-sensitive demands of property auctions. 

 

With funds available in as little as 24-48 hours, property auction finance ensures that you’re equipped to meet the 28-day payment deadlines, giving you the competitive edge to act when opportunities arise.

 

Our bridging loans for auction property in Manchester serves as a financial bridge, allowing you to proceed with confidence while arranging long-term financing, refinancing, or even preparing the property for resale. 

 

At MS Lending Group, we go beyond simply offering loans, we offer tailored auction finance bridging finance solutions that align with your investment goals

 

Our experienced team understands the fast-paced nature of property auctions and works diligently to ensure that you never miss out due to delayed funding. 

 

Let us help you turn your property investment aspirations into success stories.

Types of Auction Property You Can Buy with Bridging Finance 

Auction property can range in terms of quality, specifications and uses. The good news is, we can help those who are eager to buy into any kind of auction property. 

 

Auction bridging finance is versatile, which is why it is an attractive investment choice for both new and old investors.

 

Auction bridging finance in Manchester can be used to purchase various types of properties, including:

  • Residential Properties: Ideal for investors or homeowners looking to renovate and sell or let.

  • Commercial Properties: Suitable for business owners or investors targeting offices, retail spaces, or industrial units.

  • Mixed-Use Properties: Perfect for those seeking properties combining residential and commercial use.

  • Land: Whether for development or investment, auction bridging loans can help secure plots quickly.

 

No matter what kind of property is up for auction, we are sure to help you secure fast funding in Manchester so you don’t miss any opportunity.

How to Apply for Auction Bridging Finance

Applying for auction bridging finance with us at MS Lending Group in Manchester is designed to be smooth and succinct. 

 

We truly understand just how pressing auction investments can be, which is why some of our clients have received their funds in a matter of days, not weeks, nor months. 

 

While our applications are thorough and walk you through the ins and outs of what bridging finance is, how it can help your investment, and your responsibilities as a borrower, we also understand that time is of the essence.

 

That being said, a typical timeline overview for auction finance applications are as as follows:

 

First off, get in touch…

 

Contacting our team is the way to get the ball rolling, we know there is no time to waste, so get the information you need from our friendly team at MS Lending Group. This is how we can explain to you the processes going forward and deal with your case with the right strategy in place.  

 

Next, consultation & action plan… 

 

Once you have had the initial discussion with our team and are happy to work with us to secure your auction finance, then we can discuss exit strategies and decisions. We will request relevant documentation and finalise a financial plan. 

 

Finally, decision making & funds released…

 

Once the necessary documentation has been submitted for approval, you will receive a decision from our team on your auction finance bridging loan application. If successful, funds will begin to be released in as little as 24-48 hours and you can work on your investment in Manchester.

Auction Finance Manchester: Who to Choose

Auction finance for property doesn’t need to be complicated, by choosing our team at MS Lending group, we can help you overcome any investment hurdles and secure the funding you need to start or continue an efficient journey to property investment.

 

Our auction bridging finance is the best way to ensure you can stay competitive in the world of property investments, so waste no more time and find out more from our team by contacting us today. 

  • How Much Does Residential Bridging Finance Cost?
    Bridging finance rates depend on the loan to value, customers credit and the property type. To get started, contact our team and we'll get back to you within 24 hours with an agreement in principle.
  • How Long Does a Residential Bridging Loan Take?
    We can complete in as little as 48 hours from enquiry to completion. Bridging loans are usually arranged within 24 hours and come with flexible repayment options so that repayments fit around your lifestyle and budget. The interest rate varies depending on many factors including how much money has been borrowed and how long the loan lasts for.
  • Is an Exit Strategy Required on Application?
    An exit strategy is always required before committing to a bridging loan. It is important the lender knows how you plan to repay the finance whether this is through a sale or a longer term refinancing option.

OUR PRODUCTS

RESIDENTIAL PURCHASES

Up to 75%

Residential Purchase Bridging Loan – Up to 75% 

SEMI COMMERCIAL

Up to 70%

Semi Commercial Bridging Loan – Up to 70% 

RESIDENTIAL CAPITAL RAISE

Up to 70%

Residential Capital Raise Bridging Loan – Up to 70% 

COMMERCIAL

[ EXCLUDING LAND ]

Up to 65%

Commercial Bridging Loan, excluding Land – Up to 65% 

HMO’S

​

Up to 70%

HMO's Bridging Loan – Up to 70% 

LAND

​

Up to 50%

Land Bridging Loan – Up to 50% 

NO MINIMUM LOAN SIZE

MAX LOAN £3 MILLION

12 MONTHS AS STANDARD

18 MONTHS ON REQUEST

2ND CHARGES AVAILABLE

NO VALUATION

ON LOANS UP TO £500,000 ON RESIDENTIAL COMMERCIAL AND SEMI-COMMERCIAL PURCHASES.

DESKTOP VALUATION

ON LOANS UP TO £2 MILLION.

SUBJECT TO INTERNAL REVIEW

RESPONSIVE, RELIABLE & FLEXIBLE

NO Minimum Bridge Term   •   2% Arrangement Fee   •   Exit Fee - 1 Month Interest

APP FORM

Stay in touch!

We're always here to help & look forward to hearing from you

Address

MS Lending Group Ltd

2nd Floor

Cypress House

3 Grove Ave

Wilmslow

SK9 5EG 

Email

Phone

0161 823 7993

  • LinkedIn
  • Instagram
  • TikTok
  • X-Icon
  • Whatsapp

Contact Us

Thanks for submitting!

© 2024 by MS Lending Group.

bottom of page