Standard Bridging Finance     100% Ltv residential property   85% Ltv commercial property   Min loan amount £50,000 – no upper limit   All areas considered   2% arrangement fee   No exit fees   Decision within 24hrs

Development Funding     75% Ltv of GDV   Rates start from 1.5% per month   Bridge re-mortgage   Flat fee of 1.5%

Property Auction Finance

Clients require 10% deposits on day of purchase at auction. The remainder of the funds (90%) is required within 28 days in most circumstances. These funds can be agreed with Postive Finance prior to the auction day.

This can be through security on a separate property or by providing full details of the property (including a valuation) and a charge will be placed on the property upon purchase.

Before the Auction

• Find a property that suits your requirements and obtain details.
• Decide whether to attend the auction or bid by proxy, telephone or on the web.
• Organise your finance.

During the Auction

• Bring your cheque book - A 10% deposit on the day will be required (usually a minimum of £1500).
• Provide your solicitor's details - The auctioneers will require details of which solicitor you are planning
  to use.
• Contact an insurance broker - Arrange insurance cover on your newly purchased property

After the Auction

You usually have up to 4 weeks after the auction date to complete the purchase of the property. However it can be as little as 10 days. If you have pre arranged finance with us let us know you have purchased the property. We will then prepare the necessary paperwork and send it to your solicitor.

If you have not already arranged finance call us now. We are experienced in arranging finance facilities quickly and can often help you arrange a loan within 24 hours.