Auction Finance

If you’re looking for an investment property, auctions are an ideal place to secure a high-yielding property for a low price. Fast-paced and exciting, an auction room is a place of action. Yet securing funding for your purchase can be a time-consuming process with a strict deadline looming just in front of you. What if there was a way to secure funding and avoid the frantic searching and never-ending paperwork?

When time is of the essence and you don’t have much to spare, trust Crystal Private Finance to secure the funding you need. Our team searches over 70 lenders to find the best product for your purchase. And because we manually underwrite each case, we can be flexible with our solutions, ideal for the realities of an unpredictable auction process.

Crystal Private Finance regularly appear at auctions across the country. If you’re looking for a fast turnaround on your next purchase, speak to a member of the team.

You can contact us before, during or after your auction date and speak to a friendly, knowledgeable financial professional.

What is Auction Finance?

From the fall of the gavel, auction purchasers have 28 days to complete on the property in question, regardless of the price.

Typically, an auction purchase is completed using funds from a bridging loan as the full balance of the property needs to be produced quickly. A traditional buy-to-let (BTL) mortgage can take between 4 - 6 weeks to complete, however it’s possible to secure a bridging loan in just 3 days - well within the 28-day timeframe that purchasing at auction sets.

Common Uses

Auction finance is primarily used at property auctions.

We are also equipped to arrange your “exit” product. Whether you’re looking to put the property onto a buy-to-let mortgage or start again from the ground up – we can procure funding for the next stage of your journey.

If you’re looking to secure a longer term loan on the property in question, you will need to take out either a residential or a buy-to-let (BTL) mortgage.

Different to a residential mortgage, BTL lending is not regulated by the FCA unless a close family member will be letting the property.

This type of funding covers commercial or mixed-use properties to clients looking to rent out the premises.

Before you have secured a property using a bridging loan you will need a defined “exit”. This could be the sale of an existing property, refinancing an existing property or a term loan.

Product Panel Highlights


  • Up to 80% LTV
  • Up to 36-month term
  • 1st and 2nd charge accepted
  • Commercial, residential and land
  • Property, luxury asset and unsecured options available


  • Mezzanine, senior, pre-sale and stretched options available
  • Up to 36-month term
  • Up to 100% build costs
  • Maximum loan £40m
  • All circumstances considered

Specialist Mortgages

  • Up to 75% LTV
  • Maximum loan size £25m
  • HMOs and unusual property types considered
  • 1st and 2nd charge accepted
  • FTB, FTL and LTD Co. options available

Examples of use

  1. A client came to us after buying a vacant care home at auction for £575,000. Planning to convert it into residential units, he needed to complete within 28 days. After promptly obtaining the valuation and sourcing dual representation for the case, we were able to get the client a loan on time at 70% of the market value.

Key terms explained

  • Unconditional LotUpon the fall of the hammer, the Purchaser shall pay a deposit and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the
  • Property/LotThe auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
  • Conditional lot Once the hammer falls, the purchaser shall pay a deposit. The auction conditions require exchange of contracts within 28 days (unless otherwise stated) followed by completion within 28 days of exchange.
  • LTVExpresses the ratio of a loan to the value of an asset purchased.
  • MezzanineTypically a second charge loan to increase the funds available on a development project.
  • Pre-saleA property is purchased from the vendor, before they are build/renovated
  • Senior StretchedThe main development loan secured in a project.

Crystal Private Finance, Unit A, Ventura House, Ventura Park Road, Tamworth, B78 3LZ

Tel: 01827 338 808

Fax: 01827 51284


As a mortgage is secured against your home or other property, it could be repossessed if you do not keep up the mortgage repayments.
Think carefully before securing other debts against your home.

Some types of buy-to-let and commercial mortgages and bridging loans are not regulated by the Financial Conduct Authority.

Crystal Private Finance is a trading name of Crystal Mortgages Ltd. Authorised and regulated by the Financial Conduct Authority. Crystal Specialist Finance is entered on the Financial Services Register under reference 303761. Registered Address: Crystal Mortgages Ltd, Unit A Ventura House, Ventura Park Road, Tamworth, B78 3LZ. Registered in England and Wales Company no: 4407643.