Auction deals are not the place to wing it. If you are going after a property at auction, you need funding clarity before you raise your paddle, not after. I always tell brokers and investors the same thing, get your indicative figures lined up early so you know exactly where you stand. I've seen too many borrowers win the lot, put their deposit down, then approach their bank and lose ten days waiting for a no. By then the clock is ticking and the pressure is on. When it comes to auctions, preparation is everything. Every day counts. Sometimes every hour counts. If you're planning to bid, speak to your lender first and make sure the turnaround you're being promised is one that can genuinely be delivered.

Posted by Dan Kendrick at 2026-02-27 08:40:58 UTC