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Mortgages and Property Auctions?

Hi guys,

I wonder if anybody can help me, i would like to buy a property at auction but i need to do some reseach regarding the timescales of getting a mortgage.
When buying at auctions i will need to complete within 30 days, so is there any company that specialises in these type of transactions?
or could i go with any mortgage company?
Abbey Loan £6,000
Tesco loan £3,000
Tesco points --- £100 worth £400 in deals for holiday! :j :T
"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." (Charles Darwin)

Comments

  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Some companies are not happy to lend on auctions sales. there is no one particular mortgage company I could recommend to you as I know nothing of your circumstances. Try the following site - it won't give you mortgage advice, but it will give you plenty of other info and support http://www.propertyauctions.biz/public/auctionpress.asp
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Thank you for your help, I know the EIP website you suggested and have visited many times before very helpful site.
    Many thanks
    Abbey Loan £6,000
    Tesco loan £3,000
    Tesco points --- £100 worth £400 in deals for holiday! :j :T
    "It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." (Charles Darwin)
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