How much will you repay on your auction finance?
Auction Finance Calculator
Enter your details for a quick calculation of your loan repayment
Discover the innovative auction finance calculator, a dynamic resource designed to revolutionise your approach to auction purchases. Uncover the intricacies of utilising specialised financial solutions for your property investment aspirations with our state-of-the-art tool.
How an auction finance calculator works
Curious about how it operates? The Auction finance calculator, also known as the auction Funding repayment tool, is an engaging platform that empowers you to assess the comprehensive expenses associated with securing financial support for your auction ventures.
Simply input essential information related to your investment, such as property valuation, desired loan amount, and loan duration. Witness the magic unfold in real-time as the tool generates detailed results, including the gross and net loan amounts, the loan-to-value (LTV) ratio, and the breakdown of monthly interest payments. Embrace a new era of financial clarity and support for your property investment endeavours!
Properties for which an auction loan calculator can be used for
Unlock the versatility of Auction Financing by exploring its applicability across a diverse range of properties. From residential havens like houses and flats to the expansive realm of commercial and semi-commercial spaces encompassing stores and offices—our auction loan calculator stands ready to cater to your distinct property needs.
Borrowing amount for property auctions
Dive into a world of diverse financial possibilities with our auction funding options, offering a broad spectrum ranging from £100,000 to £20,000,000. Maximise your potential with a generous loan-to-value (LTV) cap of 75%, providing you the flexibility to tailor your financing to suit your unique needs. Choose your financial journey with terms spanning from a nimble 3 months to a comprehensive 24 months, ensuring that your investment timeline aligns seamlessly with your aspirations.
Calculation of interest payable
Our auction bridge loans, like all of our products, have interest rates depending on risk. They are influenced by your personal circumstances, your investment, market risk, the Bank of England’s base rate choices, and other factors.
The short-term nature of the funding will have an influence on interest rates in the specialty finance sector in particular. As a result, your auction financing interest rate will be highly influenced by your exit plan and duration.
Lending criteria
Borrowers from a variety of backgrounds can access our auction funding. All of our products are available to anyone aged 21 to 85 who are investing in property in England or Wales.
Individual borrowers, self-employed individuals, various company structures, and even foreign nationals or offshore organisations can use our loans. We welcome applications from any countries except than those that have been sanctioned.
We use a flexible lending criterion procedure, with each application evaluated on its own merits and circumstances. We don’t have a check-box lending policy, and we accept applications from those who have CCJs, defaults, or even bankruptcies on their records.
Speed of funds
The proceeds of the auction might be with you in as little as three days. However, the delivery time will be determined by your circumstances and the kind of your investment. Some cases may take many weeks to complete.
In most circumstances, auctions must be completed within 28 days. We will work as swiftly as possible to deliver money in time for an auction house’s strict deadline.
How Donkey Finance can help
We have several years of professional financial experience and have gained extensive understanding of the auction industry over that period. We understand how fast they move, the sorts of properties that appear in auction houses, and the pressures that buyers experience.
When we evaluate your case, we will take all of this in mind. We value speed, flexibility, and dedication across all of our offerings. You may bid with confidence knowing that we are available to assist your long-term investment ambitions.
Try our free auction finance calculator today to obtain a quick quotation.
