Posts Tagged 'bridging loans'

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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Bridging Loans for Construction Projects

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Commercial new build and residential (self-build) construction projects are surprisingly easy to find when the land on which it is to be built is already owned outright by the developer.

It has even easier when planning permission has already been obtained by the developer (e.g. building upon land that forms past of the estate of a residential property). This is because planning permission adds value to the land in the eyes of the developers.

If the property, once built, is to be ...

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