Buying At Auction With Mortgage -

Lenders won't mortgage properties they deem "uninhabitable" (e.g., no working kitchen or bathroom). If you’re looking at a fixer-upper, a standard mortgage might be rejected, and you may need instead. 💡 Pro Tips for Auction Buyers:

Buying with a mortgage is doable, but preparation is everything. If the bank stalls, you lose your deposit and the house. buying at auction with mortgage

You’ll need to pay 10% immediately on the day. a standard mortgage might be rejected