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London Credit relaunches auction product | Mortgage Strategy

London Credit relaunches auction product By Roger Baird 9 th February 2021 12:30 pm Specialist lender London Credit has relaunched its Auction Finance product, allowing property investors to take advantage of auctions ahead of the stamp duty holiday. The bridging lender said its product means an offer can be issued before the auction so that a potential buyer “has surety of funds should their bid be successful”. The firm said these loans are available between £100,000 and £3.5m on properties in London, the South East and other major cities, with approval in principle and indicative terms usually available within an hour. It lends up to 70 per cent loan to value on terms up to 18 months.

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