Buying at Auction

Step 1 - View the Property

Once you have found a property you are interested in we would suggest the first step be viewing it. All viewing times can be found in our catalogue or online. No registration is necessary to attend however we would recommend calling the auction team before to check there are no issues with access.

Step Two - Conduct Due Diligence

All legal documentation for each property can be obtained from our website prior to the auction sale. We would recommend that you get a solicitor to check the legal documentation before you bid at auction.

If you require a survey on the property please ask your surveyor to contact us directly on London & National - 020 7824 9091 / Nottingham Regional - 0115 934 8080 so that we can arrange access.

We publish a list of changes to our original property details in the form of an Addendum both on our website generally one day prior to the auction and also make copies available at the auction venue. We recommend that you check this thoroughly as any amendments will form part of the contract.

Step 3 - The Auction and After

We strongly recommend that you attend the auction personally to bid. If you are attending the auction personally there is no pre-registration, you can make a bid by raising your hand or catalogue. The auction room can be full so it is important that you attract the auctioneer's attention.

Please note that while we do not require any pre-registration. If you are attending on the auction day we need you to bring photo identification, proof of address and solicitors details for any parties either bidding on or purchasing a property together with a method of payment for 10% of the purchase price as a deposit together with an administration fee of £900 inc VAT (London) or £900 inc VAT (Nottingham). Please see FAQs.

In the event that you are unable to attend you may be interested to note that by prior arrangement you can bid either online, by telephone, Internet or by proxy.

Please note that the auctioneer will not take any questions once the auction is in progress. If you have any queries please contact a member of the auction team. If you are uncertain about what you are buying or have doubts over the process or completing on time we would advise you not to bid. On the fall of the Auctioneers gavel a binding contract is effected. After this point there can be no change or negotiation.

If you are successful we will prepare a contract and require payment of the above mentioned deposit and administration fee.

Completion usually takes 20 working days (though this period can vary, always check the legal documents for each property) from date of exchange under the supervision of your solicitor. Please note that properties being sold at auction are being sold unconditionally. If you are the successful bidder you are legally obliged to complete the sale.

 

More information

 

General Enquiries

London & National Auctions
+44 (0) 20 7824 9091

Nottingham Auctions
+44 (0) 115 934 8080