April 21, 2017
We were back again at our partner, Auction House London's April Auction held at the London Regents park Marriott Hotel for another successful auction event. With over 130 lots listed for auction, as well as some last-minute lots which didn't make it into the auction catalogue but went under the hammer anyway.
As usual the event began with a well-attended pre-auction property coffee morning event, where there was an excellent opportunity to network with other property professionals over tea and coffee. We met a wide variety of attendees at the networking event from people working with multiple property developers to landlords and those newer to property investment. The property networking session was followed by a set of very interesting and informative talks by experienced specialists such as a solicitors firm, property investors and of course auction financing, from our very own Jim Nash from the team here at West One Loans.
Jim Nash talked about how to finance an auction purchase sustainably. We learned that having pre-arranged financing can add more certainty to the process as pre-arranged auction finance will help us to understand if the property can be financed and how much we can bid up to on the auction day.