Auction Finance 4 Brokers has launched with four specialist bridging finance products for residential investment properties being purchased at auction.
The firm says that whether a broker wants to just refer a client or help with the packaging of the case, Auction Finance 4 Brokers’ in-house processes ensure that funds are made available in time for completion – with 24 hour pay-outs possible
Gary Bailey, director, said: “With low rates starting at just 0.75% and no exit fee, a choice of terms from three to twelve months, free valuations and no lender’s legal fees and the ability to offer ‘in-principle’ decisions before or during an auction, we believe we offer a complete package for brokers and their clients who are looking to purchase residential properties at auction.
“We’ve seen growing demand for finance from people buying at auction and as specialists in this sector we know what factors are important to brokers and their property professional clients. We believe the speedy, simple and effective service on offer from Auction Finance 4 Brokers will be a winner for everyone concerned.
“Brokers can simply refer the client’s details, auction, auction date and property lot number, and we will do the rest, or if the broker wants to provide this information and obtain some of the client information, such as ID and income verification, we will double the procuration fee.”