Intermediary site Home Auction finance Rates, fees & how it works Short-term auction finance Supporting auction buyers for more than 15 years. Enquire today Lasts up to 12 months. Loans up to 2m. 'No exit fee' options.* Rates from 0.55%*. Borrow up to 75% of the purchase price* * The maximum loan and loan-to-value ratio offered may vary depending on the property and your individual circumstances. 4.7/5 average rating by independent customer feedback Why choose Together? Vast Experience With over 15 years of auction finance experience under our belts, you can trust us to get things right for you. Enquire today Auction finance at Together Our auction finance is designed for investment properties of all kinds – including a wide range of residential, semi-commercial, and commercial properties. We'll work quickly to provide the loan you need within your 28-day completion deadline, and any fees can be rolled into what you've borrowed. You'll have up to 12 months to repay the loan in a lump sum – either by arranging longer-term finance, or by selling the property on. And until that happens, you'll only make interest payments each month. If you're buying a house at auction to live in yourself, we can also help with this – and you won't make any monthly payments while it's in force. Common questions How much could you lend to me? The maximum we will lend as auction finance is £2m, with the amount borrowed being worth no more than 75% of the property purchase price. The exact amount you can borrow depends on the your situation and value of the property(ies) you're using as security, so please contact us to discuss your individual situation, or try using our auction calculator. How quickly could I borrow? We know that time is often of the essence when you're looking to purchase at auction. That's why we pride ourselves on the way we empower our team to make decisions and give you the fastest possible answer when you need it the most. The speed at which we can lend will depend on your specific situation, as well as how quickly the other parts of the chain can move, but you'll see from our case studies that we're no strangers to turning things around in as little as 36 hours when it counts. What fees will I pay? At the auction itself, you may have to pay an administration charge to the auction house, and something called a 'buyer's premium'. All of this should be outlined in the auction catalogue so you know before you bid. In terms of our 12-month auction finance, we charge an Arrangement Fee, and – depending on the loan you take – you may have to pay an Exit Fee if you repay the loan before the end of the term. We charge a Redemption Administration Fee when you 'redeem' (i.e. fully repay) your loan, to cover costs associated with closing your account and dispensing our legal claim to your property. There may also be Legal fees, although we charge no Legal fees in many instances where you're buying residential property at auction. All of these fees can vary, so we'll ensure that the fees that apply to your particular loan are clearly explained before you sign on the dotted line. Other fees and charges may be applied to your account during the life of your loan, in relation to the management of your account (for instance, if you fall behind on your monthly payments). These are all explained in our Tariff of Charges. I've been rejected for auction finance elsewhere. Will you be able to lend to me? It's possible. We look at you as much more than just a credit score. If the sums show you can afford the property, we do our best to make it happen. To discuss your exact situation, just fill in an enquiry form and we'll call you back to talk in more detail with no obligation. Why auction finance, instead of getting a mortgage on an auction property? Often you can get a mortgage on an auction property, but you have to complete your auction purchase within 28 days (at most) – and that's sooner than most mortgages can be arranged. That's why auction finance exists – to bridge the gap between your completion deadline, and your mortgage being granted. If you do decide that you would prefer a mortgage, depending on the property you wish to buy, you may need a personal mortgage (if you're buying a home to live in), a buy-to-let mortgage (if you're buying a house to rent out), or a commercial mortgage (if you're buying a business premises or land). We offer all of these, and often help people refinance their auction purchases with the longer-term borrowing they need. Have you already attended an auction and successfully bid on a property? Yes - Apply online Apply online today. This takes about 15 minutes and will involve a full credit check. Apply online > Not yet - Get a decision in principle Get pre-approved in just five minutes. It's free, easy, and won't show up on your credit file. Get pre-approved > Not quite ready to apply? Check your eligibility & enquire At Together, our flexible approach means that we can often lend where others can't. If you fit our criteria, we'll do everything we can to make it happen. To be eligible to borrow from Together, you must: Have found the property you wish to buy Be looking to borrow no more than 75% of the purchase price of the property you plan to buy Not be on furlough from your only source/s of income Not be at risk of redundancy Approval is based on a credit check and an assessment of your individual circumstances. Ready to talk? Enquire today for a callback from a member of our friendly, expert team. Enquire now Any property used as security, including your home, may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Loans offered by Together Commercial Finance Limited are not regulated by the Financial Conduct Authority. Reviews (62) Customer Rating 4.6 62 5 4 3 2 1 Customer Reviews Sort by: Newest Oldest 5 4 3 2 1 Clear Selection Ready to talk? Our friendly team are ready to help. Book a callback today by filling in our enquiry form. Enquire today Follow us on Careers Website terms of use Privacy and cookie policy Manage Cookies Company policies Fair Processing Notice I have received someone else’s documents Important documents Together blog Together reviews The Great House Giveaway Sitemap Copyright 2021 Together is a trading style of each of the undernoted companies, which have their registered office address at Lake View, Lakeside, Cheadle, Cheshire SK8 3GW. Together Financial Services Limited | Registered in England and Wales - Company Registration Number 02939389. Together Financial Services Limited is the operator of this website. Together Personal Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA) | Registered in England and Wales - Company Registration Number 02613335. FCA number is 305253. Together Commercial Finance Limited | Registered in England and Wales - Company Registration Number 02058813 SPOT Finance Ltd trades under 2 trading names; Spot Finance Limited (Registered) and Together (trading). SPOT is authorised and regulated by the Financial Conduct Authority (FCA) | Registered in England and Wales - Company Registration Number 01998543. FCA number is 724450. Auction Finance Limited | Registered in England and Wales - Company Registration Number 04949929 Bridging Finance Limited | Registered in England and Wales - Company Registration Number 03166982 Blemain Finance Limited is authorised and regulated by the Financial Conduct Authority | Registered in England and Wales - Company Registration Number 01185052. FCA number is 719121. Together Personal Finance Limited is a member of the FLA. The FLA Lending Code can be found at www.fla.org.uk. Developed by Kagool