Fund your auction deposit using equity from the property you’re selling.
If you’re selling and in the market for a new home, we can pre-approve a deposit facility for you so that you can bid with confidence.
Whether you’ve found the perfect next property or wanting to shop around at the upcoming auctions, an auction deposit facility is the perfect solution.
When selling your home (in most cases) there is the equity between your sale price and the mortgage debt you have with the bank. This is the 'locked up' value you have in your home that you can't ordinarily access until after the bank has been repaid.
Property Credit provides a short-term bridging finance solution to help bridge the gap between what you plan to do after the sale of your existing property, and now. When you sell your existing property, you repay your bridging loan with nothing to pay until that time.
