Thinking of Buying a Property at Auction?
Your guide on how to buy a property at auction with Countrywide Property Auctions
Obtain A Catalogue
Receive the latest copy of our catalogue direct to your e-mail inbox by subscribing to our mailing list.
Arrange A Viewing
We ask that all potential buyers carry out their own due diligence checks prior to bidding on a lot at auction. Viewing a property is a good way to satisfy yourself of its condition and to get a feel for the area it is in.
Arrange A Survey
Once you have instructed a surveyor, please ask them to contact our auction office directly and we will allow them to gain access to the property.
Arrange Your Finance
Buyers will need to pay a 10% deposit upon the fall of the gavel at the auction. The remaining monies must then be paid in full, usually within the next 28 days. If you need to obtain a mortgage it is important that you receive an offer from your lender in principle before the auction day. Most building societies and banks will wish to instruct a surveyor to prepare a valuation report before making you a mortgage offer, so it is advisable to make your mortgage application as soon as possible. Countrywide Property Auctions has teamed up with The Buy to Let Business to give you access to quick finance whilst you arrange a more long-term finance solution. An offer in principle can usually be obtained within 24 hours of your initial enquiry and funds can be made available within a week. For more information please contact our office.
Read Legal Documents
Legal packs containing special conditions of sale, title deeds, leases, office copy entries, searches and replies to precontract enquiries will be made available for you to read prior to the auction. Please note that you buy subject to all documentation included in the legal packs regardless of whether you have chosen to read them or not. Copies can be viewed online, posted out to you and will also be available to read at our offices.
Register For The Auction
All bidders must register prior to bidding. This can be done on auction day at the registration desk in the foyer or by completing and returning a copy of the registration form which is available on our website and in hard copies of the catalogue.
Bids can be made before, during and after the auction. If you are unable to bid in person at the auction, telephone and proxy biding facilities are available. The relevant forms can be downloaded from our website and must be completed and submitted prior to the lot of interest being offered. If bidding in person, we ask that you bid clearly and only up to the maximum amount that you can afford. For more information on the bidding process please speak to a member of our friendly team.
Once the gavel is brought down you are legally obliged to pay for the property purchased and refusal to pay can result in legal action. A 10% deposit must be paid immediately by cheque, bankers draft or debit card. Please note that cash will not be accepted. The remaining monies must then be paid within 28 days of the auction.