Entirely Finance


SDL Auctions launches exclusive partnership with Together

SDL Auctions launches exclusive partnership with Together

One of the UK’s leading auction networks, SDL Auctions, has launched an exclusive partnership with leading auction finance provider Together, which will span all of its auctions across the UK each year.

In the first exclusivity agreement SDL Auctions has made with any of its suppliers, Together will be the only finance provider in attendance on auction days to assist buyers with short-term finance.

Rory Daly, chief executive officer at SDL Auctions, said: “This exclusive partnership allows those attending our auctions to follow an easy and effective process. We want our auction days to be as straightforward as possible to make it easy for property purchasers.

“We have worked with Together for over ten years now across the East and West Midlands, so we are confident that they are the best lender for our customers across the whole of the UK, thanks to their thorough understanding of the auction market, combined with great customer service.”

Scott Hendry, director at Together said: “We take a common sense approach to lending and consider all types of properties, including those in need of renovation, and we can deliver funding fast, which is crucial at auctions. It’s a testament to the success of our approach that SDL Auctions trust us to serve their customers and we’re delighted to be their exclusive auction finance partner.”

"It's a testament to the success of our approach that SDL Auctions trust us to serve their customers and we're delighted to be their exclusive auction finance partner."
Scott Hendry, director at Together

Unlike buying traditionally, the purchase of property at auction has to be completed in 28 days, or sometimes even less. Often, mainstream mortgage lenders may be unable to release funds in this short timescale, meaning many buyers rely on specialist auction finance, a type of short-term funding, to complete the purchase in time.

Scott added: “A significant advantage we are bringing to SDL Auctions and its customers is the ability to secure funding prior to the day. Those that are interested in a property, but are unsure of what they can borrow, can apply to us before the auction and receive an offer in principle so, when it comes to bidding, they know what they can spend. Our new auction web pages have a host of information to help prospective buyers, including a finance calculator to work out how much they can afford to bid on a particular lot.

“Auctions are a great place to secure fantastic properties at competitive prices, so we will continue to work closely with our partners to ensure we can deliver the finance their customers are looking for.”

Together is a specialist in auction finance, attending over 300 property auctions on average every year.  The lender announced record lending figures in 2016, with total annual new lending at just under £1.1 billion and a loan book which currently stands at £2 billion. 

For more information on specialist finance with Together visit www.togethermoney.com/auction-finance

For more about SDL Auctions visit www.sdlauctions.co.uk.

DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.

Get The Entirely Weekly Brief In Your Inbox

Cowgill Holloway

Accountants and business advisors

Cowgill Holloway are a leading independent firm of chartered accountants and business advisors based in the North West, with offices in Bolton, Manchester and Liverpool. Established for over 30 years, and over 140 staff members, we work with all types of businesses. Our entrepreneurial ethos and partner-led approach is tailored to help you achieve your ambitions and financial aspirations.

Sedulo Chartered Certified Accountants

Sedulo is an established firm of accountants, with offices based in Manchester city centre and Cheshire, providing expertise in accountancy solutions and commercial business advisory services.

Crowe Clark Whitehill

With an office in Manchester city centre, Crowe Clark Whitehill is a leading national firm offering audit, tax and advisory service. Michael Jayson heads up the Manchester office.

Moore Accountancy Limited

Moore Accountancy are a proactive firm of Chartered Accountants based in South Manchester working predominantly with Start Ups and Small Business.\r\n\r\nWe work alongside businesses, helping with their tax and accounting needs, leaving business owners with more time and energy to focus on growing their businesses and client base.\r\n\r\nWe Do More Than Just Accounting!

Vernon Building Society

Building Society

Founded in 1924 in Stockport, Cheshire, the Vernon is an independent, mutual building society. We seek to provide competitive mortgages, savings and investment products and to be a trusted source of reliable financial advice within our local community.