What's the best way to get pre-approved finance for a property auction purchase in the UK, especially for a non-standard property or if I'm a first-time auction buyer?
Quick Answer
For property auctions, secure a Decision in Principle from a bridging loan provider before bidding, as traditional mortgages are often too slow. This is crucial for non-standard properties or if you're a first-time auction buyer to ensure you can complete the purchase.
About This Topic
For property auctions, secure a Decision in Principle from a bridging loan provider before bidding, as traditional mortgages are often too slow. This is crucial
This question is part of our Property Investment category, providing expert guidance on UK property investment.
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