Buying At Auction

Why do people buy through property auction? Speed. Certainty. Value.

There is always a huge potential to add value to a property or land which has been purchased through an auction.

Buying at auction is one of the fastest and most secure way of purchasing property or land. When the gavel falls, contracts are exchanged immediately with the completion set at a predetermined date. From this point on, the sale is legally binding and there is no fear of fall throughs or gazumping.

How to buy at Auction

STEP 1
Peruse the lots

Head over to our lots page to identify the lot(s) you are interested in. Note that some properties are offered with vacant possession, some are tenanted and some may be part-vacant.

STEP 2
Guide prices

Every property or land lot has a Guide price that is published in the auction catalogue. The guide price is an indication of what the seller expects to achieve and is therefore subject to change.

The guide price is not the price at which the property will necessarily sell and it is not uncommon for properties to sell for a considerable amount above the guide price.

STEP 3
Book a viewing

Call us to book in a viewing on 0800 448 0100 FREEPHONE. It maybe that we have one or two open days for the property in question.

STEP 4
Ensure your finances are in order

Make sure you have a mortgage in principle, just as you would to buy through private treaty. This will give you an idea of your maximum budget. Explain to your lender thats the property is being bought at auction .

STEP 5
Attend viewings

Bring anyone you may think you need with you and quiz us on any questions you may have. We are here to help.

STEP 6
Study the legal pack

We will email you the relevant legal pack for the property you have an interest in. The pack will include the local searches, title deeds and an information form on the list of fixtures and fittings. If you feel it’s necessary or you are unsure, you may instruct a solicitor to go over this. You can also request the legal packs for each property on the property page.

STEP 7
Commission a survey

This is only necessary when you are applying for a mortgage and you are not a cash buyer.

STEP 8
Making an offer prior to the auction

You can make an offer (which should be in writing by email) for a property or land at any time prior to the auction. If your offer is accepted you must be in a position to exchange contracts and pay your deposit immediately.

STEP 9
Register to bid

You have 3 bidding options: To attend the auction, To bid via Connect Realtime© or by proxy/telephone.

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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