Our Customers rate us 4.6 out of 5


Trusted auction finance advisors.

Buying a property at auction? Talk to our team of specialist auction finance solicitors today and we’ll help you access the fast funds you need to proceed.

Your home may be repossessed if you do not keep up repayments on your mortgage. When The Bank Says No is a mortgage broker, and not a lender.

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Bridging Finance Brokers

When you need to bridge a gap in your finances, we are there to find suitable finance options for you.


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When your credit record isn’t the best and you’re struggling to find a lender, we can step in so you don’t miss out on your dream home.

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Need help navigating buy-to-let mortgages? With our help we’ll make it easier than you think, even if you have bad credit.


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Remortgaging doesn’t have to be tricky, whether you are looking to remortgage to consolidate debt, buy another property or finance home improvements.

What is auction finance?

Auction finance is used for buying properties at auction, and is similar to bridging finance. Fast to arrange and access funds, it allows people to purchase properties at auction without being cash buyers. If you’re considering applying for auction finance and want to understand the options, get in touch with a member of our friendly team of advisors! We’ve helped property investors and homebuyers all over the UK get the funds they need, when they need them.


Helping you act fast.

Your dream property has appeared at auction. It’s got limitless potential, and you know it’s meant to be yours, but you’re worried it’s going to slip away! Don’t worry; auction finance is a short term lending solution that helps non-cash buyers access the finance they need to bid and buy their auction property. We’ll work proactively, seeking out the right lender, and helping you sort out all the nitty-gritty details within your timescale. We get to work fast.

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Let's get the ball rolling.

We can support you and help you to make yourself as attractive to banks as possible, ready for your next application!

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In order for us to assess your credit history and suitability for different mortgage products, you will need to check your file.

Understanding Auction Finance for Property Purchase

Auction finance is intended to provide you with the funds you need buy a property at auction. It can be arranged within a couple of days, enabling anyone to move fast on an auction property deal, and attain their future property. If you’re thinking of buying a property at auction, but don’t know what your options for finance are, don’t worry! Our team of expert short term finance advisors are here to explain everything you need to know, and help you identify the right product and lender for you.

I’m not a cash buyer. Can I still buy at auction?

Yes, you can definitely still by at auction without being a cash buyer – that’s what auction finance is there for! The only thing to note about proceeding with auction finance is that you will need to provide a deposit for most auction purchases on the day of the auction. If you don’t have a deposit, you could consider borrowing against other property assets to amass the right amount. Traditional mortgages can also be used to purchase at auction, however you need to make sure the lender you choose is capable of acting quickly as auctions necessarily come with time constraints. It is for this reason that auction finance is the most preferable option.

Turning Your Nightmares Into Dreams

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When you think you’ve hit that brick wall and have all but given up hope of finding mortgage finance, When the Bank Says No are here to turn your ‘No’ into a ‘Yes’. We have access to a range of specialist lenders who are willing to help those that the High Street banks just won’t touch. Get in touch today and see how we can turn your dreams into a reality.

What types of properties can I buy at auction?

The types of properties for sale via auctions vary, but often something about them will make the unsuitable for the open market. It may be that they need to be sold quickly, they are hard to value, have failed to sell on the open market, or they have a unique quality through which the seller wants to encourage competition. As a result of the varied nature of property auctions, auction finance can be used to purchase a wide range of properties including residential, commercial, unmortgageable, houses of multiple occupancy (HMOs), land and agricultural properties.

My property is uninhabitable. Can I get auction finance for it?

Yes, auction finance can also be used as a short term lending solution to allow you to get a property into a mortgageable condition that you wouldn’t be able to get a standard mortgage on. You could also consider bridging finance in this situation. For more guidance and to make sure you fully understand the options available to you, contact our expert short term finance team!

Frequently Asked Questions

How much deposit will I need to purchase at auction?

You will usually need to put down at least a 10% deposit, and this usually needs to be paid on the day of auction if your offer is successful. This is because you exchange contracts on the fall of the gavel. On completion, you may need to add to this deposit in order to qualify for auction finance – a deposit of 25-30% is commonly requested. Talk to our specialists today and we’ll ensure you have all the right information and advice you need to move forwards confidently with your auction finance application.

Expert advice for auction finance.

When the Bank Says No has enabled everyone from property investors to developers to individual buyers to purchase the auction property of their dreams. We specialise in helping our clients navigate the auction finance process, and proceed with their future plans backed up by solid advice and highly accurate information. If you’re ready to get started and take to the auction with your best foot forwards, our friendly team are ready to stand by your side every step of the way!

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