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Do you offer mortgages on auction properties?
Do you offer mortgages on auction properties?

No, we do not offer mortgages on any sort of auction property.

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Written by John Cullen
Updated over a week ago

No, we do not offer mortgages on any sort of auction property, including those sold using the modern method of auction.

We require properties to be immediately habitable and it is common for auction properties to be in poor condition and in need of work.

When purchasing at auction, you are often required to exchange contracts and commit 10% on the day. This is your promise to complete within 28 days (56 days using the modern method). Due to the tight time frame, this can often mean you will require additional funding, which is something Gen H doesn't offer.

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