Vetted by a Commercial Broker Ensure you have your lending agreed in the background. If you buy at Auction you will need to lay down your deposit of 10% deposit (Traditional Auction) or reserve fee (5% Modern Auction), immediately, and the exchange of contracts (completion)…
Other than your own savings, or profit sitting in business accounts. The most popular option is to secure a loan from a lender. Ducks in a Row prior to Bidding Lenders for Auction Finance typically will not be inclined to offer loans for residential properties…