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Auction Finance

Auction finance is very similar to bridging finance. Only purpose of auction finance is to purchase a property from auction. Auction finance can be arranged on the hammer price of the property at the auction instead of market value.

Typical term of an auction finance is between 3 months and 12 months. Underwriting for auction finance is very quick due to flexible lending criteria i.e. minimum income or no income requirements and poor credit history also acceptable.

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