A GUIDE TO BUYING AT AUCTION

– To buy property at Auction –

IMPORTANT PURCHASER INFORMATION

In order to buy property at auction you must first register at the
registration desk on the day of the auction.

You will not be able to bid or buy property at auction if you do not provide identification at the registration desk.  If you are bidding as an individual two forms of original identification will be required for each purchaser.

On the ‘Fall of the Hammer’, contracts are exchanged for the sale & purchase of the property, both the vendor and buyer are legally bound to complete within the defined timescale (see below). This strict process gives security to our vendors and comfort for the buyer that no gazumping can occur.

Have you done your research?

Viewed the property?
Checked the legal pack?
Taken Legal advice?
Arranged finance?
Spoken to one of our advisors?

To Register and to Buy Property at Auction

You will need to bring one form of each of the below ID:

Photo Identification

• Valid passport

• National identity card

• Valid photo card driving licence
• Valid photo card driving licence

Proof of Address

• Current Local Authority tax bill

• A utility bill or bank/credit card

• Mortgage statement issued within the last three months (no internet printouts)

To download the ‘Money Laundering Requirements’ that we at Auction House North West must adhere to… Click here

If you are bidding on behalf of a Company you must provide the following original identification:

• Proof Residence and photo ID for one of the Directors (as detailed above)

• Certificate of incorporation for the company (if a Limited company)

• Official list of Directors

If you are bidding on behalf of another person/company you must provide:

• Original identity documents (as detailed above) for both yourself, as the bidder and the person/company who will be listed as the purchaser

• A letter of authorisation from the purchaser for you to act and bid on their behalf

Do you know where the auction is?

Macron Stadium

How do you pay the deposit? NO CASH

10% deposit / minimum £5,000 + Fees

Credit Card | Debit Card | Bankers Draft | Bank Transfer | Cheque

Cannot attend the Auction?

There are a number of ways you can buy one of our Auction Properties, even if are unable to attend on the day.

View all options HERE.

After the Auction, how long do I have to complete my property transaction?

Standard is 20 working days from exchange of contracts.
However, please check the legal pack as it may differ.

Pre-Auction Sales

Interested parties are free to submit an offer prior to the auction. If accepted, this will be under strict Auction terms as if it were sold in the Auction room.

Post-Auction Sales

Some lots fail to sell at the auction, in such cases, buyers are still free to submit an offer post auction for the vendors consideration.

Click and View our Available Residential & Commercial Properties to Buy!