Auction Finance

Tuscan Capital reports strong half-year results

Wed 21 Aug 2019

Tuscan Capital has reported strong half-year results after securing additional funding and launching an extended product offering. Earlier this year the bridging lender’s maximum loan size was increased to £7.5m and its product range was widened to include bridging, mixed-use/semi-commercial, heavy refurbishment and auction funding. Completions by value saw a 37% year-on-year increase, whilst the […]

Funding 365 save auction purchase in 72 hours

Mon 12 Aug 2019

Funding 365 completed on a bridging loan in three days to rescue a client’s auction purchase of three flats in East London. The £270,000 loan, brokered by Mantra Capital, was supplied by Funding 365 after the original lender pulled out at the last minute due to one of the flats being in an unlettable condition. […]

2018 SFI Awards: The Gallery

Fri 6 Jul 2018

Last Friday afternoon we welcomed 300 of the UK’s best specialist finance professionals to the spectacular Madison rooftop venue in London’s St Paul’s. Twenty seven awards were handed out to deserving companies and individuals who have made an outstanding contribution to the industry this year.

LendInvest completes first official auction finance loan

Wed 15 Feb 2017

LendInvest has completed its first official auction finance loan for a new customer purchasing a property at auction in Hertfordshire. The borrower needed to complete their loan application within one week after winning a property at auction in December and was scheduled to complete their purchase in the last week of January. With a week […]

Together partners with TBMC

Mon 19 Sep 2016

Together has partnered with TBMC – the buy-to-let and commercial packager. TBMC will focus on auction finance, bridging and commercial second charges. Gary Bailey (pictured), sales director at Together, said: “We work with a broad network of brokers and packagers and are constantly looking to expand this with the right partners, so we’re delighted to […]

Keystone introduces auction and commercial finance

Tue 17 May 2016

Keystone Property Finance has moved into auction and commercial finance. The Auction Finance range is aimed at borrowers looking for money in a hurry to purchase both residential and commercial property at auction. The range includes a ‘valuation bypass scheme’ which will facilitate speedier completions. This means that on some applications a valuation of the […]

Together reports record month for lending

Wed 20 Apr 2016

Specialist finance provider Together completed £105m of new lending last month through a total of 697 loans across its entire range. The lending was across all areas of the business,including first and second charges, bridging, auction finance and commercial loans. Commercial CEO Marc Goldberg said: “This is our highest monthly lending in our 42-year history, and is a direct […]

SDL Group doubles auction operation

Mon 4 Apr 2016

SDL Group has doubled its auction operation with the acqusition of the largest and most successful auction house in the East Midlands, Graham Penny. The acquisition will double the total sales of the Group’s auction division to more than £160m per annum, taking it in to the top four nationwide. Rory Daly, chief executive officer of […]