If you are unable to attend the auction, you can by proxy (where you specify your maximum bid in writing and the auctioneer bids on your behalf).
After you’ve successfully registered to bid, we’ll carry out the necessary checks (AML, proof of ID and proof of funds) prior to approving your bidding status.
Here you will advise a representative as to your maximum bid, 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.
If you are the highest bidder on a lot then firstly, congratulations on buying at auction. 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. Please ensure that you arrange your building insurance immediately after the sale.
If a lot does not sell and you wish to buy it, please call the office and register your interest on 0800 448 0100 (Freephone).
