Posts Tagged 'auction finance'

Can you Buy a House at Auction With a Mortgage?

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I often get asked this question and so I have decided to answer it as best I can below.

Yes, mortgages can be used to purchase properties at auctions. However, doing this can often be a very complex process and you will need to know what you’re doing.

Firstly, you need to be clear on the fact that when you win a bid at an auction you are legally obliged to follow through with the purchase. A 10% deposit usually needs to ...

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