247 Property Auctions property auctions
RICS-regulated online property auctioneer covering Cornwall, Devon and Somerset, led by auctioneer Scott Gray; offers a choice of online or public ballroom auctions and works with local estate agents. When you find a lot, we arrange the finance: a whole-of-market broker, not a lender, with indicative terms in 24 hours, built for the auction deadline.
247 Property Auctions at a glance
- Coverage: Regional — South West
- Property types: Land, Residential
- Auction methods: Online, Traditional
- Based in: Budleigh Salterton, South West
- Website: 247propertyauctions.co.uk ↗
How auction finance works for 247 Property Auctions lots
At a 247 Property Auctions auction, the hammer is an exchange of contracts: you pay a deposit on the day and complete inside the catalogue deadline, usually 28 days (20 on some lots). A standard mortgage rarely moves that fast, which is why most bidders use auction finance or a bridging loan. Bring us the lot and the catalogue before you bid and we shop a panel of 100+ lenders for an indicative offer within 24 hours, so you know your ceiling and can commit on the day.
If the lot is unmortgageable in its current state, a refurbishment or below-market-value buy, that is exactly what this finance is built for: the bridge funds the purchase now, you complete on time, then exit by refinancing onto a term mortgage or selling once works are done. We stress-test that exit first. We are a broker, not a lender, and we disclose every fee in writing before you commit.
Where 247 Property Auctions sells
Property-auction markets we cover include:
Bidding at 247 Property Auctions? Get finance ready in 24 hours
Tell us the lot and your exit. We come back with indicative terms in 24 hours and drive valuation and solicitors to completion.