Advice on a fast mortgage approval

Rov

Looking at buying a property at Auction, I will have 5 days between viewing the property and the auction. Then a further 21 days to complete. The auction deposit is no problem (unless I lose it!). It's residential, we intend living there. We have no debts and £70k joint income so under normal circumstances I'd walk any affordability criteria.

So I need a mortgage quick, rough numbers are I have 150k to throw at the bank as deposit, and some held back for renovation costs, I need a 100k mortgage to make up to the approximate buying cost, maybe £120k.

Is this possible in the current market? Is anyone going to process an application this fast? Is there any company who will fast track this because it's an auction property? I'd prefer someone with a high street shop so I can go and chat with them before making any decisions. I'm not sure I'd be too happy about taking this through a broker as I'd see that as an extra possible delay.

I understand the risks with surveys and legals etc. I know what I'm doing.

handytips

No lender will lend on a property that hasnt had a valuation for mortgage purposes, is the property habitable in its current state, and is there anything glaringly wrong with the structure of the property, should both these answers be positive ones then you should be ok. It may be the case that bridging finance will suit you (40% deposit usually) and then have an exit strategy, you need to get a decision in principle from a lender and this will tell you if you are able to borrow. You need the services of a broker on this one as you are on a very tight timeline at auction.