- info@brilliantmortgageoptions.com
- +07913947634
No Deposit 100% LTV Mortgages Available
Auction Finance may be ideal for property investors or experienced landlords who closely monitor the property market and want the flexibility to purchase a property whenever they find one that meets their criteria and is priced Below Market Value (BMV).
Moving quickly to secure a crucial purchase can lead to significant savings, but many landlords depend on financing to make that purchase, and such deals are not always guaranteed to close in time.
When bidding for a property at auction, it’s essential to have financing arranged with a lender. If you win an auction, you must exchange contracts almost immediately, and pulling out is not legally an option. Therefore, it’s common practice to obtain a survey of the property before bidding or to have an expert evaluate it for any major issues that could complicate financing later on.
Most investors utilize short-term auction finance, such as Bridging Finance or other short-term lending solutions, as a backup in case their mortgage isn’t finalized in time or their personal cash reserves cannot cover the expense. Any extra costs are typically outweighed by the savings from securing the property below market value.
While it’s beneficial to plan ahead and have financing in place before the auction, arrangements can also be made quickly. Whether you need a swift solution or a safety net, Brilliant Mortgage Options is well-positioned to assist, thanks to our strong relationships, expertise, and access to exclusive products, lenders, and funding options.
We are simply a call away should you need to go over anything during the application process.
One case manager that understands your application, no passing from pillar to post
With our whole of market options, you can rest assured that we will find the best rate for your loan.
Complete the form below and an advisor will call you at a time convenient for you.
We take care of everything from start to finish so you dont have to.
At the first mortgage call, the advisor will ask you about your personal circumstances and expectations. They'll want to know what sort of property you're looking to buy and how much you can afford to spend on one. They'll also want to review what you earn, your outgoings, your savings, and your credit history
We will help you collect all the information required for your mortgage application
Once we have located a suitable lender for your circumstances, we will obtain a decision in principle for you.
Once all the valuations and checks are complete, the mortgage lender will disburse the funds to the vendors solicitors and you can collect your new property keys.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
