Thanks to this agreement, Signature will agree funding in principle for lots featured in Auction House Scotland’s upcoming auction catalogue. This means approved bidders can move faster, with the confidence of a trusted lender behind them.
Signature will help you beat the 28-day auction finance deadline
- Agreed rates from 0.83% per month.
- Completions in as little one week.
- Dual Representation on Legals available
- Desktop valuations to speed process
Ready to discuss your funding?
If you’re planning to bid in the upcoming auction for an investment property and want to explore auction finance options with us, click to get in touch.
Funding at pace
When you bid for a property with Auction House Scotland, you should be confident that when you’re successful, the finance you need can be arranged within the 28-day deadline required for auction purchases.
Signature understands the ambition of property developers and the need for certainty of funding, which is why we will agree funding in principle for lots featured in Auction House Scotland’s latest property auction.
This transparent approach to lending applies to the full range of property funding needs, not just auction finance. We offer a full range of property finance products for professional investors, developers and landlords; whether buying, converting or refurbishing the property.
A national service shaped by local knowledge
Our success over decades has been built on our determination to develop long-term mutually beneficial relationships with our clients, recognising when we make the process smooth and transparent, we encourage repeat business.
We have a team of experienced professionals covering every region and ready to meet on site to understand your vision for a property.
Having been supporting property developers, investors and landlords across Scotland for more than a decade, you can trust our local knowledge to deliver the funding you need, when you need it.
Your auction finance questions answered
We offer funding to property investors, developers and landlords across the country and typically we get asked similar questions to help get a measure of the service we provide. Some of those questions are answered below, but please get in touch if you have a different question about our lending.
The amount you seek to borrow must not be more than 75% of the property purchase price. Every deal is different however, so to understand how much you can borrow for a specific property purchase and how it is affected by the value of the security property(ies), please email lending@signaturepropertyfinance.co.uk to discuss your unique situation.
We understand that time is pressing when you are considering an auction purchase, which is why we make all our lending decisions in-house. When this approach is coupled with the work of our in-house legal team, we deliver a quick response, when you need it the most.
Whilst the speed of the lending process depends on your specific situation, our service is designed to deliver funding in days, not months, thanks to our in-house lending decisions, in-house legal team and desktop valuations.
At the auction you will typically pay an administration charge to the auction house and something called a 'buyer's premium', which will all be outlined in the auction catalogue so you know the costs on top of the property estimate before you bid.
Our fees include an Arrangement Fee at the start of the loan, which varies according to the type and length of the loan. We also charge a Redemption Fee when you repay your loan, to cover our costs associated with closing your account and dispensing our legal claim to your property.
We charge a minimum of 3 months’ interest when a loan is drawn down, even if you repay the loan within 1 month for example, so always contact us to understand the fees you will need to pay at each stage.
There may also be Legal fees to be paid, but every deal is different and these will change what is to be paid, by whom and when. All of these fees will typically vary according to the unique circumstances of the loan. Our transparent fee structure ensures there are no nasty surprises at any stage of the lifecycle of your loan. We have no hidden fees and our team is always available to discuss your loan, ensuring that before you sign for the loan, you will know exactly what it will cost.
The experience of our team members, as both developers and funders ensures we consider every borrower and every deal on the individual merits presented at the time. It’s not just about credit scores and computer-led decisions. If the deal makes sense to our lending team, we will work with you to get the deal done. Whatever the position, get in touch and talk it through with us so you get the full picture, with no obligation.
Yes, we will lend to those looking to buy their first property at auction, as long as they do not intend to live in it. It sometimes requires more detail, but we support those working hard to become property investors, developers or landlords, often expanding their business from related property or construction trades.
Ready to discuss your funding?
If you’re planning to bid in the upcoming auction for an investment property and want to explore auction finance options with us, email lending@signaturepropertyfinance.co.uk or click below to get in touch.