Auto trade
Garages and workshops, car showrooms, MOT centres, car washes, petrol stations
BUSINESS PROPERTY FINANCE
The hammer falls. The clock starts.Have your finance ready before you bid.
At a property auction, you’re committed the moment you win. Seek an agreement in principle for your next trading premises and check the valuation, legal and lender conditions before bidding.
Auction Property Finance and Business mortgages.
Buying at auction, in the room or online
Understand your proposed borrowing before the lot opens. Check the legal pack, valuation requirements and lender conditions against the completion deadline.
Buying from an agent or another business
Seek an agreement in principle before making an offer, so you and the seller understand the proposed finance and the checks still needed.
- From £50,000
- For owner-operators
- No broker fee
- No obligation
Pre-approval is an agreement in principle, not guaranteed funding. Completion is subject to valuation, legal checks and the lender’s final approval and conditions.
Business premises we finance
If your business trades from it, we can usually find a lender to help you buy it.
Hospitality & leisure
Pubs, bars, restaurants, cafés, gyms, leisure venues
Hotels
Hotels, guest houses, B&Bs
Retail
High street shops, convenience stores, retail units
Wholesale & distribution
Trade counters, cash and carry, warehouses
Healthcare
Care homes, dental and GP surgeries, pharmacies, clinics, nurseries
Industrial
Factories, workshops, light industrial units
Offices
Offices and professional premises
Your budget agreed before the hammer falls
- 1
Tell us about the property and your business.
What it is, roughly what you’ll pay and where it’s being sold. Complete the application below with your personal, address and business financial details.
- 2
We find the right lender.
We match you with lenders on our panel for auction property finance, a business mortgage, or auction property finance that moves onto a business mortgage, and agree how much they’ll lend before you bid.
- 3
Your limit, in writing.
An agreement in principle setting out proposed borrowing and the valuation, legal and lender conditions still to be met before completion.
Won the lot? Send us the memorandum of sale and the lender works towards your completion date.
Auction Property Finance
See what it could cost each month
Estimated monthly payment
interest only, for 12 months
Interest only. Other fees may apply. For illustration only — not a quote or an offer of finance; subject to status, valuation and lender approval.
Business mortgage
Also known as a commercial mortgage.
Estimated monthly payment
on a £375,000 loan over 20 years
Assumes capital and interest repayments at a fixed yearly rate. Other fees may apply. For illustration only — not a quote or an offer of finance; subject to status, valuation and lender approval.
Already won the lot without finance in place? Send us the memorandum of sale and we'll look for a lender who can complete in time.
Before you bid, read our guide: Buying Business Property at Auction: Things Worth Thinking About
Need to complete within the auction deadline? Read our guide to Auction Property Finance.
Buying a trading business as a going concern, rather than an auction lot? Our sister brand iLendi Capital arranges business acquisition finance.
BUSINESS PROPERTY FINANCE APPLICATION
Get your limit agreed
This is a full finance application. Have your purchase details, personal and address history, and business financial figures ready. Bank details and supporting documents are optional. No broker fee. No obligation.
Where to buy commercial property at auction in the UK
These auction houses sell shops, pubs, garages, industrial units and other trading premises every month, mostly through live-streamed and online sales. Get pre-approved first, then check the legal pack and guide price before you bid.
Allsop
Dedicated commercial property auctions, held online; London-based, lots nationwide
Visit site — Allsop (opens in a new tab)Savills Auctions
Regular auctions with commercial and mixed-use lots; national coverage
Visit site — Savills Auctions (opens in a new tab)Acuitus
Specialist commercial property auctions, live-streamed with online, phone and proxy bidding; London-based
Visit site — Acuitus (opens in a new tab)BTG Eddisons Property Auctions
Commercial, mixed-use and land, including the Pugh & Co, SDL and Network Auctions sales; 30+ UK offices
Visit site — BTG Eddisons Property Auctions (opens in a new tab)Clive Emson
Regional auctions with commercial lots; South East and South West
Visit site — Clive Emson (opens in a new tab)Hammer Ready is independent and not affiliated with the auctioneers listed. Always read the legal pack and check the buyer’s fee, deposit terms and completion date before bidding.
Business property finance FAQs
Who can apply?
Businesses buying commercial premises they’ll trade from themselves.
Why get pre-approved before a property auction?
When the hammer falls, contracts exchange. You usually pay a 10% deposit on the day and have around 28 days to complete. If your finance isn’t ready, you could lose your deposit.
What does pre-approval give me?
An agreement in principle showing how much a lender is likely to lend, subject to valuation and the legal pack. It is not guaranteed funding; the lender’s final approval and conditions must be met before completion.
Auction property finance or business mortgage?
Auction property finance is short-term finance that can complete within an auction deadline. A business mortgage is long-term finance, typically over 10 to 25 years. Many buyers use auction property finance to complete on time, then move onto a business mortgage. We arrange both, and we’ll tell you which suits your purchase.
How much deposit will I need?
Lenders usually lend a percentage of the property’s value, so you’ll need to fund the rest yourself.
Do you finance trading businesses like pubs, hotels and care homes?
Yes. Lenders look at the property and the business’s trading record, so have your recent accounts ready.
What happens after I win?
Send us the memorandum of sale. The lender instructs a valuation and works with your solicitor towards the completion date.
Can I use pre-approval for a private sale?
Yes. It works for auctions, agents and sales direct from another business.
Is there a fee for pre-approval?
No. We’re paid by the lender, and there’s no obligation to go ahead.
Hammer Ready is a finance broker, not a lender. All finance is subject to status, valuation and lender criteria. Your property may be repossessed if you do not keep up repayments on a loan secured on it.