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Auction Finance up to 85% LTV

Auction finance is the same as bridging or short term finance. It is used to purchase properties at auction as it can be arranged quickly.

We have lenders where the valuation and solicitors are instructed the same day with a fast track legal process to reduce the stress. All the lender asks, is that you have completed one previous project.

Daily interest, no exit fees and some of the best rates in the market. Also covers light and heavy refurbishment.

TypeLoan to ValueFixed Rate per Month
Standard & Light RefurbishmentUp to 50%0.43%
Standard & Light Refurbishment50.01% - 65%0.53%
Standard & Light Refurbishment65.01% - 75%0.70%
Standard & Light Refurbishment75.01% - 85%**0.80%
Heavy RefurbishmentUp to 50%0.60%
Heavy Refurbishment50.01% - 65%0.65%
Heavy Refurbishment65.01% - 75%0.75%
All products are for residential property only and have a 1.95% Lender Fee.


  • The loan may not exceed either 85% LTV against the lower of Day 1 purchase price/ value, or 70% of after works value (whichever is lower)
  • All funds are advanced to the borrower on Day 1
  • No Quantity Surveyor required, just an interim inspection at the end of month 3

Contact us for a quote.

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Searchlight Finance Limited is registered in England and Wales No.07929050 Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance. ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.