Frequently Asked Questions

Find answers to common questions about buying and selling property at auction.

Buying at Auction

How do I register to bid?

To bid at our auctions, you must register in advance. You will need to provide two forms of identification (one photo ID and one proof of address) and securely register your debit/credit card details for the bidder security deposit.

What is a Legal Pack?

The legal pack contains important documentation prepared by the seller's solicitor, including the Title Register, Title Plan, local authority searches, property information forms, and any special conditions of sale. We strongly recommend having your solicitor review this before bidding.

Do I need a deposit?

Yes. If you are the successful bidder, you are legally bound to purchase the property. You will typically need to pay a 10% deposit (subject to a minimum amount) plus any buyer's premium or administration fees immediately upon the fall of the virtual gavel.

Can I get a mortgage on an auction property?

Yes, but you must have your mortgage approved in principle before bidding. Given the standard 28-day completion timeframe, you must ensure your lender can meet this strict deadline. Some properties (e.g., those without kitchens or bathrooms) may not be mortgageable and are suitable for cash buyers only.

Selling at Auction

What is the difference between Guide Price and Reserve Price?

A Guide Price is an indication of the seller's minimum expectation and where bidding will likely start. A Reserve Price is the lowest price the seller is willing to accept; the property cannot be sold for less than this amount. The reserve remains confidential between the seller and the auctioneer.

How long does it take to sell?

Auctions provide a fast, secure route to sale. Once a property is listed, we typically market it for 3-4 weeks prior to the auction day. If successfully sold, completion usually takes place 28 days later, meaning you can sell and complete within 6-8 weeks.

Can a buyer pull out after the auction?

No. When the gavel falls (or the virtual timer ends), a legally binding contract is formed. The buyer is obligated to complete the purchase. If they fail to do so, they will lose their 10% deposit and could face legal action for breach of contract.

Still have questions?

Our expert team is on hand to help guide you through the process.