Frequently Asked Questions

A legal pack is a set of documents prepared by the seller's solicitor that contains all the legal information about the property. It typically includes the title documents, searches, special conditions of sale, and other relevant paperwork. Buyers should review the legal pack carefully before bidding, as it forms part of the contract and may affect the property's value or your obligations as a purchaser.

The reserve is the minimum price the seller is willing to accept. It is confidential. If the highest bid meets or exceeds the reserve, the property is sold. If not, the lot may be withdrawn or the seller may negotiate after the auction.

An addendum or amendment sheet is a document that updates or amends the legal pack or auction particulars after they were first published. It might include changes to the conditions of sale, new search results, or corrections. Bidders should always check for addendums before the auction, as they form part of the contract and can affect the terms of the sale.

An addendum updates the legal pack or auction particulars after publication. It may include changes to conditions, new searches, or corrections. Bidders should always check for addendums before bidding.

Yes. You should instruct a solicitor to review the legal pack and special conditions before the auction. Once the hammer falls, the sale is legally binding, so due diligence must be done in advance.

Typically you pay a deposit (often 10% of the purchase price) on the day of the auction or shortly after. The exact amount and deadline will be in the special conditions of sale.

Yes, but you must have a mortgage agreed in principle before the auction. Completion is usually within 28 days, so your lender must be able to complete in that timeframe.

The contract is legally binding. If you fail to complete, you may lose your deposit and the seller can pursue you for additional losses. Only bid if you are certain you can complete.

Yes. Viewings are usually arranged before the auction. It is strongly recommended that you view the property and carry out any surveys you need before bidding.

Generally yes. The contract will state that the property is sold in its current condition. That is why reviewing the legal pack and viewing the property are essential before you bid.