Auction finance can be used for buying property at UK auctions and can be arranged quickly. Auction finance is short-term finance designed to bridge the gap to allow time to get more permanent funding in place, such as a mortgage. Auction finance should be arranged prior to the auction date so that you bid with the knowledge that funding is in place. With an auction purchase, typically you will need to put down 10% of the property value on the day of the auction as a deposit & you will need to make full payment within 28 days of the auction date. Auction finance, due to the speed at which it can be arranged, is perfect for this type of transaction