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HTG Mortgages
Auction Property Mortgages | 28 Days Is the Whole Game
Last Updated: September 2026
Featured in The Telegraph • Daily Mail • The Times • Sky News
Yes, you can buy an auction property with a mortgage, but the clock is brutal: a traditional auction exchanges contracts the moment the hammer falls and typically completes about 28 days later. That either works because you prepared before bidding, or it does not work at all. I arrange auction finance whole of market, mortgages and bridging loans, with a flat £350 fee.
A traditional auction exchanges on the day: 10% down, completion typically around 28 days later
The work happens before you bid: decision in principle, legal pack read, valuation plan ready
Hard-to-mortgage lots need bridging first, then a remortgage once the property qualifies
As featured in…
Meet your Advisor
Harry Goodliffe
- FCA Authorised
- Director & Mortgage Advisor
“I‘m not about confusing jargon or passing you from person to person. From our first chat to the day you get the keys, you’ll deal directly with me. I‘ll keep you updated, answer any burning questions, and do everything I can to make the whole process as stress-free as possible.”
Let’s Talk About Your Mortgage
How I finance an auction purchase
1
Step 1
First Chat
Tell me the lot, the guide price, your deposit, and your plan for the property. If you can share the legal pack, even better, because problems live in legal packs.
2
Step 2
Research
I check whether the property is mortgageable as it stands, then line up the right route before auction day: a decision in principle for a mortgage, or bridging where the property or the timescale rules a mortgage out.
3
Step 3
Application
If your bid wins, the application moves the same day and I chase the valuation and legal work against the completion date. Speed is the whole job here.
4
Step 4
Completion
Your mortgage offer is issued and my flat £350 fee becomes payable. If no offer is issued, you owe me nothing.
About
Our approach.
Auctions are a timing problem more than a lending problem. At a traditional auction you exchange on the day, put down 10% there and then, and complete typically 28 days later. A mortgage can work inside that window, but only if the groundwork happened first: decision in principle in place, solicitor briefed and ready, valuation booked the moment the hammer falls.
The other half is the property itself. Auction lots skew towards the hard-to-mortgage: no working kitchen or bathroom, structural problems, short leases, unusual construction. Those need bridging finance first, then refurbishment, then a remortgage onto a standard product once the property qualifies. Pricing that whole route honestly, before you bid, is the difference between a bargain and an expensive lesson.
Whole-of-Market Access
Whole-of-market comparison across 120+ lenders
One Flat Fee
A flat £350 fee, payable only once your mortgage offer is issued
Honest Advice
If the right answer is to do nothing, I will say so
Outside My Scope
I do not offer equity release
How I help
I read the lot for mortgageability before you commit, get the decision in principle or the bridging agreed in principle before auction day, and manage the completion sprint afterwards. Where the plan is buy, refurbish and let, I set up the exit too: the buy to let remortgage that repays the bridge once the property is lettable.
Who this is for
Landlords adding to a portfolio at auction (start at the buy to let hub if you are new to that world), renovators buying stock, and anyone who has fallen for a lot in a catalogue and wants a straight answer on whether the finance genuinely works before bidding.
Why use HTG’s mortgage services?
Available 24/7, so we are always there to help when you need us
We are an independently owned, whole-of-market mortgage broker offering first-charge mortgages
We provide unrivalled customer service, ensuring that you get the care you deserve
Let’s get your mortgage sorted
Written by Harry Goodliffe
Director & Mortgage Adviser, HTG Mortgages · FCA Authorised (1017945)
CeMAP Qualified · Featured in National Press · South England Prestige Awards 2026/27 winner