Cannon will offer auctions finance

Cannon Capital has teamed up with finance broker Berkeley Taylor to offer finance for private treaty and auction buyers at up to 75% loan-to-value. auctioneer James Cannon, has an exclusive agreement with the broker, which is run by Kristian Hoy.

Cannon Capital will hold its first auction on 25 March, with a 35-lot catalogue out on 5 March. It is also launching a website to match buyers and sellers. Cannon expects to double his staff to 10 and may hire some from Jones Lang LaSalle, which has let its auction team go.