Guide
Won the bid. Now fund the balance before the clock runs out.
Auction deposits come from your equity. The balance often needs a first-charge facility at typically 50–70% LTV, priced from 12% p.a. indicative — no income proof required when the lot and title work.
Auction path
Hammer price is not the loan amount
Lenders size on assessed value and first charge, not hammer alone. You pay the auction deposit; the facility covers part of the remaining balance within LTV bands.
Pre-bid screening checks lot particulars, reserve, your ceiling, deposit source, and exit (hold, renovate, bank refinance). See the product page: auction property loan.
Timeline
Typical sequence after you win
Screen lot, LTV band, and timeline.
You fund the auction deposit from equity.
Valuation, legal, first-charge registration.
Balance per letter of offer.
Methodology: property first, then LTV.
Risk
When to walk away from a lot
Caveats, adverse occupation, or unchargeable title can kill financing after you win. Screen before you bid — not after.
Illustrative case: Selangor terrace — hammer to title.
FAQ
Common questions
Do I need payslips for an auction property loan?
No. This desk underwrites the property and first charge — income documents are not required for the initial path.
What LTV after auction?
Typically 50–70% of assessed value, from 12% p.a. indicative — not 100% of hammer.
First charge?
Yes — first legal charge once transfer completes.
Screen the property on WhatsApp
First charge · from 12% p.a. · typically 50–70% LTV · no income documents required for this path.