Bridging
Loans for Auctions
Any property which is bought at
auction usually gives you 28 days
to complete. You should ideally
use a specialist bridging lender,
who is geared up to cater for
auction purchases. These lenders
are normally "non-status" (i.e.
they make no enquiries of the
financial standing of the borrower),
and have no minimum periods or
redemption penalties
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