The property blog

birch vale house

Birch Vale House

Encircled by 26 acres of land, The Bennetts resided and began Birch Vale Prints works in the...
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farm auction

Zig Zag Farm Sold By Auction £265,000 Above Guide!

Zig Zag Farm, Culworth, Banbury, sold earlier this week in Connect UK’s Auction on Tuesday 20th...
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building a home

Can I build my own home?

One in three of us are interested in the thought of building our own home. Life’s biggest...
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uk property portfolio

UK’s largest property portfolio set to go under the hammer in 2021

Lot 10, a property portfolio guided at £17,500,000 - £18,500,000 is set to go under the hammer at...
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modern auctions

Traditional auctions Vs Modern Method of Auction

Whats's the difference between traditional auctions and MMoA? Which method is faster? Which process eliminates fall-throughs?
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email marketing

CEO business profits increase by 56% from opening just one marketing email

As a business, email marketing is a significant tool in order to build a relationship with our clients, customers and consumers. It’s measurable, affordable, dynamic and effective.
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auction academy how to

Auctions ‘How To’

Learn the truth about property auctions through our Auction Academy. No sales pitch. No specific auctioneer. But pure property auction education.
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selling your vendors property

Have you ever thought of selling your vendors property via an auction?

If your property is more suited for an auction, you can achieve a higher sale price than that of a private treaty.
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house boat

La Dolce Vita – The Sweet Life Could Be Yours

Spacious, purpose built and new throughout, this house boat comes equipped with a pre-lit suspended deck, outside seating and double-glazed windows throughout.
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old woking

A final preservation of Old Woking

1 Church Cottage, Church street remains to this day. Now a stunning, listed and period property, this 3-bedroom 2-bathroom cottage sits just at the foot of the famous St Peter’s church.
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land sales

Land Sales Rocket

Connect UK Auctions have seen the number of enquires and sales in their land opportunities soar. Land sales increased by a huge 200% over the past two months.
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considered selling at auction

Have you ever considered selling at Auction?

Not only does auction offer speed and security but this method of sale holds numerous benefits over that of traditional estate agency sales.
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property auctions open

Property Auctions aren’t a ‘Members Only’ club

The only UK auction house to offer the auction live, directly through the auctioneer’s website. No third-party platforms involved. QVC style and interactive.
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eastbourne auction property

Development opportunity is ‘Bourne’

In the heart of Eastbourne sits this consented rare gem, immediately available, with approved planning in place.
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swallow

Watch Swallow fly

With extensive grounds, swimming pool and spacious entertaining area there is plenty of room for family and friends to visit.
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covid 19

COVID-19 Vs Connect UK Auctions

In light of the ongoing pandemic that is the Coronavirus, Connect UK Auctions are set to thrive after introducing Connect Realtime© earlier this year.
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selling at auction facts

7 Things You Don’t Know About Property Auctions (You won’t believe number 7)

7 Things You Don’t Know About Property Auctions (You won’t believe number 7)
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auction ladder

One foot on the auction ladder

We always admire those with great property portfolios. But we wonder how they started out. How do we get one foot on the auction ladder? Here's 5 Great benefits to you when investing in property.
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realtime bidding

Achieve the best possible price in Realtime!

We have created this ground breaking experience which enables the largest exposure for any property listed in an auction.
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live online bidding

When did our lives become ruled by routine, pressure and deadlines?

We have come up with the perfect solution, thus supplying monthly auctions throughout the year, in the room including live bidding online simultaneously.
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auction property cranleigh

If Carlsberg did alfresco dining

If Carlsberg did alfresco dining, it would look like this. Connect UK Auctions are delighted to present this beauty, to go under the hammer.
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property auction tips

Your first Auction Property will be momentous

Homework is paramount when it comes to buying at auction, once a bid is made, there’s no turning back. Ensuring the following and we will bring you back, thriving for more!
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inheriting property

Inheriting a property from a loved one

We can be fairly traditional beings with preconceived notions, regarding many facets of life. Selling a property at auction is one of these.
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Selling at auction by informal tender

Selling at auction by informal tender

We can be fairly traditional beings with preconceived notions, regarding many facets of life. Selling a property at auction is one of these.
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auction property brighton

Reaching Sea Views, On The Sussex Coast

Connect UK Auctions are offering a stunning, penthouse, split level apartment in the prestigious and hugely sought-after Brighton Marina Village.
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property auctions south east

The auction experience… one every property enthusiast must undertake…

Is this an avenue you haven’t yet explored? Yet you know of the, many, benefits it brings and how it can further your personal property journey?
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haslett avenue

As rare as a hen’s teeth

Whatever the future holds for this freehold property, we are extremely enthusiastic to see who will be the winning bidder, once the gavel falls!
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residential auction property

The decline of a stigma – selling residential property by auction

We can be fairly traditional beings with preconceived notions regarding many facets of life. Selling a property at auction is one of these.
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What our clients say about us

...I would thoroughly recommend Connect UK Auctions as the best most effective alternative to the conventional estate agents.
by Valery Stimpson
...My property achieved a very good price and completed in a matter of week. I would, most certainly recommend their services to anyone potentially looking to sell their property.
by Mr Richardson
...If I had known how much better it would be, I would have chosen Connect UK Auctions above an estate agent months ago.
by Jenny Turner
My wife and I were delighted with the service provided by Connect UK Auctions. Our house sold prior to the auction for an excellent price. Rob Jenkins was very professional and communicated well with all parties involved. A very smooth transaction.
by Rob Sellick
I have bought land and a residential property through Connect UK Auctions and even used their building team for renovation works. I must say I was always impressed with the help and support I received throughout my journey. Would definitely use them again and will be attending more of their auctions.
by Ross Slaughter
Easy to deal with and 100% professional easy and stress free.
by Sammy Vine
Exceptional service beginning to end. Would buy through you again! Thank you.
by Lisa Edwards
Excellent service outstanding staff.
by Kelly Simpson
Recently put in my property with Connect UK Auctions and they managed to sell it before the auction day!! Well above reserve. What a great guy. Happy client. Would use again. Thanks guys!
by Alex Brinklow
We have no hesitation in recommending Connect UK Auctions - their level of service and attentive service is second-to-none.
by Christian Budd
5/5

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              Buyer FAQs

              Do I need to register to bid?

              Yes – You have three options when it comes to bidding and each will require its own bidding process.

              If you are joining us in the room, we can register you on the auction day, at the auction venue. Just ensure you bring along 2x proofs of ID and proof of funds. Please call us if you are unsure on what to bring.

              What if I want to bid but can’t make it on the day?

              You can choose from two options; bid via Connect Realtime© or via Proxy/Telephone. Both registrations are swift and straightforward and will ensure your ability to bid on your chosen lot.

              What ID must I provide?

              By law we will require two proofs of ID – one photographic and the other proof of address less than three months old. Proof of funds will also be asked for at the time of registration. Without the above you will not be able to bid.

              What is a buyer’s premium?

              A buyer’s premium is payable on all property and land lots. This will be payable upon the fall of the gavel as contracts are exchanged. This will be paid at the same time as the deposit if you are the highest bidder on a lot, before leaving the auction venue. The amount payable will be specified in the lot description.

              How much is the deposit?

              The Purchaser shall pay a deposit of 5% and buyer’s premium of 2.2% inclusive (with a minimum of £5,000.00) and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.

              Can I buy with a mortgage?

              Of course. Some clients like to arrange their mortgage valuation prior to auction day and others after. Either way, completion can be set at 42 days (6 weeks) from exchange, rather than the normal 28 days, or in fact, anywhere in between. As long as all parties are notified, your timeframe is paramount. Auction offers immense opportunity and allows one to buy, through some lenders, with only a 15% deposit.

              Can I make a pre-auction offer?

              Yes. Any offers made before the auction will always be put to the vendor. If you are really interested in a lot then of course a pre-auction offer is a good idea. Ensure you have thoroughly read the legal pack before offering and if the offer is accepted the sale will exchange before the auction and will proceed under the same, auction conditions.

              What is a Proxy Bid?

              Here you will advise a representative as to your maximum bid by completing our Proxy Bidding form and the auctioneer will bid on your behalf up to your maximum. They will always endeavour to secure the property for you, either at, or below your maximum bid if possible. If the bidding in the room exceeds your maximum, then you proxy bid would end.

              What is a Telephone Bid?

              Here you will be asked to complete a telephone bidding registration form. This will be based on a first-come, first-serve basis and a representative will bid on your instruction. You will be able to hear the auctioneer in the background and will also be able to watch the auction live in action through our live stream via Connect Realtime©. A representative will call you a few minutes before the specified lot so please ensure you are ready and waiting.

              What is Connect Realtime© Bidding?

              Connect Realtime© is our live streaming of the auction you will access via our website. Giving you the ability to bid from anywhere in the world, in real time. You will create an account with us, login, then register to bid on your chosen lot(s). Once registered, we will send over the necessary documentation for you to complete before approving your bidding. Once approved, come auction day, just login to your account and watch the auction unfold and bid on your chosen lot(s).

              What is an open house viewing?

              These viewings are scheduled in by our team and give you a chance to view the lot and fully inspect your potential purchase. You can choose to bring someone along with you, a builder, or someone who may have extensive property knowledge if you are unsure yourself. A team member will conduct the viewings so there will always be someone there if you have any questions while your there. If the viewing days have finished but there is still a lot of interested, the team will schedule a further viewing.

              What happens if I’m the highest bidder?

              In the room

              After the fall of the gavel you will be asked to sign the contracts. This will be sent to both your solicitor as well as the sellers’ solicitors.

              After providing your solicitors and personal details you will be asked to pay the deposit and buyer’s premium on the specific lot. At this point you are legally bound and the amount will be payable by debit card or bank transfer.

              Completion will usually take place 28 working days later (or as varied by the Special Conditions of Sale) under the supervision of your solicitor. As soon as the gavel falls, there is a binding contract of sale. The property is at your insurable risk from this point.

              Via Connect Realtime, Proxy or Telephone

              You will have already signed to say that you are happy for us to sign the memorandum of sale on your behalf to allow the exchange of contracts after the fall of the ‘virtual gavel.’

              After this has been done one of our team will be in touch once the auction has finished to take payment of the lot deposit and buyers’ premium. Once this has been completed contracts will be sent to your solicitor as well as the sellers with completion usually to take place 28 working days later (or as varied by the Special Conditions of Sale) under the supervision of your solicitor.

              As soon as the hammer falls there is a binding contract of sale. The property is at your insurable risk from this point.

              What makes a property un-mortgageable?

              There are a few reasons for this and the most obvious include the following:

              • Properties without a kitchen or bathroom.
              • Properties with any kind of structural defect, damp, dry or wet rot.
              • Properties close to mining works, areas of landfill, areas of recent flooding or subsidence.
              • Leasehold properties with a short lease, typically less than 70 years, or a defective lease.
              • Where there are boundary disputes or where planning applications have not been applied for correctly.
              • Derelict property or where part of the building is in severe disrepair and needs demolishing.
              • Properties of non-standard construction. Standard construction has brick or stone walls with a roof made of slate or tile, so anything that differs from this will be classed as Non-Standard.
              • Some properties with sitting tenants or regulated tenancies.
              • All properties with a value below a threshold, sometimes stated as £40,000.
              What is Due Diligence?

              This means that you have done everything you can, in terms of research, before committing to a property or land purchase. This may include viewing the property, commissioning a survey, asking a solicitor to review the legal pack etc.

              What payment methods do you accept?

              We take debit card or bank transfers.

              What happens if I cannot complete on a purchase?

              If you don’t exchange on the date set you will be given what’s called ‘Notice to Complete’ – This will last for 10 days and will incur a daily charge, of which the amount can be found in your contract. Failure to complete at all with result in a forfeit of your deposit as well as your buyer’s premium plus any shortfall once the property or land is re-auctioned and sold.

              What is auction finance?

              Auction finance is a service provided by specialist lenders to auction buyers. We have an in-house specialist who can provide advice and finance on the following:

              • Short-term finance
              • Funding for residential, commercial and land purchases
              • Funding for non-standard construction
              • All income types considered
              • Up to 70% loan-to-value
              • Monthly interest rates from 0.55% (other fees and charges apply)
              Do I need to do a survey on the property I’m interested in?

              A survey isn’t compulsory, but if you are unsure about the structure or condition of the property then you might wish to instruct a surveyor, an engineer, or a builder for some advice.

              But remember, as soon as the gavel falls there is a binding contract of sale. The property is at your insurable risk from this point.