Your loan with SCI may be to guarantee your purchase following which you already have a buy-to-let or residential home loan offer in principle waiting. Our minimum short term of 3 months may prove suitable.
If you plan to considerably enhance the value by building works after the auction we will be pleased to consider the finance needed to meet those costs and make a Works Retention provision in the overall loan offer.
You may have bigger plans involving revised planning consent for your target property and a longer loan term may be appropriate. On gaining your planning approval we also have the facilities and expertise to fund the new project with monitored stage payments in line with your building schedule.
Fast-paced, stress-free funding through your Decision in Principle from SCI giving you the confidence needed to target your property acquisition at the Auction.