Do I have to wait till auction day to bid?

You can make an offer on any property before it goes to auction. We recommend that you speak with a solicitor before doing this as there may be issues that bring the asking price down....

What does the Seller’s Pack/Legal Pack contain?

The Seller’s Pack contains: Special Conditions of Sale, Title Deeds, Land Registry Search, Leases (if applicable) and other important documents. It’s best to get a solicitor to look through these with you to ensure there are no nasty clauses you may...

Can I view one of the auction properties?

You should definitely view the property before bidding and take your surveyor with you. This way you can guarantee the property doesn’t have any hidden issues before you buy....

Where can I get an auction catalogue?

You can usually download an auction catalogue directly from the auction house’s website, usually around seven days before the auction is due to take place. Sometimes you can request a hard copy, or you may find that companies such as Rightmove list their auction properties directly on the website...

Do I have to buy blind?

While auctions work on a “sold as seen/buyer beware” arrangement, you won’t be buying completely blind. You’ll have the Seller’s Pack (often called a Legal Pack), which will include details of any legal problems which may affect the property, as well as details of existing tenants if you...

Are auctions just for rundown houses?

Not at all. If you keep your wits about you and consult a property solicitor, you can get yourself a real bargain home at auction. If you get an in-depth auction property survey done beforehand, you shouldn’t have anything to worry...

Are auctions only for cash buyers?

No, you can buy a house at auction with a mortgage. Most mortgage lenders are experienced with auctions and will get your funds ready in time, but you’ll need to set it all up before you bid as when that hammer comes down, you’ll need to cough up 10% immediately, and the rest of it usually in...

How do I buy a property at auction?

Find an auction online or in local papers and look into the houses you like beforehand. Get a solicitor to look over the Seller’s Pack and view the property with a surveyor to check for hidden problems. Get your mortgage lined up and ready beforehand, then on the day, you’ll need two forms...

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