Short term lender, Bridging Finance Solutions, has been appointed as a preferred finance supplier to Auction House, the UK’s fifth largest auctioneer.

Auction House accounts for 4.5% of all property auction sales nationally. It will hold 90 auctions in 2010 and its clients include local authorities, housing associations, plc landlords, government departments and financial institutions.

The company is aiming to grow its network of regional auctioneers from 23 to 50 over the next few years.

Steve Barber, director of Bridging Finance Solutions, said: “Auction House has enjoyed impressive growth over the past few years and I’m looking forward to building on what will be a mutually beneficial relationship for our businesses.