Rob Peters from Simple Fast Mortgage demystifies property auction financing and provides a comprehensive overview of current mortgage rates and financing options for UK and international investors.
• Simple Fast Mortgage specializes in property finance strategy for UK and overseas investors
• Rob brings 23 years of financial services experience and proper qualifications as a regulated advisor
• Current residential mortgage rates hover around 4% with buy-to-let limited company rates at approximately 5%
• HMO financing typically starts at 5.5% with commercial lending between 7-8%
• Standard bridging rates average 0.75% per month with 2% setup fees
• Traditional mortgages are unsuitable for auction purchases due to their 12-14 week timeline
• Specialized auction finance bridges can complete purchases in under two weeks
• Auction bridging often eliminates the need for physical valuations and time-consuming searches
• Existing property equity can sometimes eliminate the need for cash deposits at auction
• Preparation before bidding is crucial for auction success
To learn more about your property financing options, book a free strategy call through the link in the show notes or connect with Rob on LinkedIn, Facebook, or Instagram.
Robs details
enquiries@simplefastmortgage.com
www.simplefastmortgage.com
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