What are the common financing options for buying a property at auction, given the 28-day completion window? Are specialist auction mortgages necessary, or can bridging finance be arranged quickly enough, and what are the typical interest rates/fees I should expect?
Quick Answer
Standard mortgages are usually too slow for auction's 28-day completion. Bridging finance is the most common option due to its speed, offering quick access to capital but at higher interest rates than traditional mortgages.
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This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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