Can the timetable be met?
Give your adviser the auction date, anticipated completion deadline and available legal documents. Ask what could delay a decision or release of funds.
What is the complete cost?
Ask for a written illustration covering interest, fees, legal and valuation costs, minimum interest periods and repayment terms.
What is the exit plan?
Consider how you intend to repay any short-term borrowing and what happens if that plan takes longer than expected.
What remains conditional?
A discussion or initial indication is not a guaranteed loan. Understand the checks and conditions still outstanding before you bid.
General guidance only. Obtain advice appropriate to the property and your circumstances.