Buying At Auction With Mortgage Direct

This is the biggest risk. Your lender will require a valuation after you’ve won. If the surveyor values the property lower than your winning bid (a "down-valuation"), you must bridge that financial gap yourself or risk losing your . 4. Property Condition Matters

If you’re planning to bid, here is your essential roadmap: 1. Secure an Agreement in Principle (AIP) buying at auction with mortgage

This is an extra fee paid to the auctioneer on top of the purchase price. This is the biggest risk