At Express Conveyancing, we understand the art of buying property through auction. We have the experience to work quickly and at the highest quality providing you with the expertise you need in your corner when buying at auction.
We offer a range of fast, high quality and cost-effective auction property conveyancing services in London and nationwide. Our online methods of property auction conveyancing mean we can provide auction conveyancing services wherever you may be in England and Wales.
Our team of auction conveyancing experts can chat through your options when it comes to your specific property. We can explain what our pre-auction pack review contains and whether it will work for the property and timescale you are working to. We can answer any questions you have about your property and its completion post-auction. We can also advise on your financing options and how it might affect any quotation from us and timeframes.
Buying property at auction may seem like a quick and cost-effective way to pick up a bargain property either as a first time buyer, in your dream location, or as a seasoned property investor. However, the auction buying process is full of potential pitfalls which may end up costing you greatly. At Express Conveyancing, our auction services are designed with you in mind, giving you a wealth of industry knowledge and expertise to enable to you make the best decision for you. An expert solicitor will complete a detailed auction legal pack review before you bid, identifying risks, special conditions, and tight completion requirements.
Buying a property at auction can be a good way to secure a good deal on a property. There are other advantages too. It is fast, transparent and since it isn’t for the faint-hearted, it cuts out many of the competitors that you would be bidding against on the open market.
Like all ‘too good to be true’ deals, there are downsides to purchasing at a property auction. Auctions are often full of unmortgageable, unregistrable and title defective properties. You also need to bear in mind that you will need to have your 10% deposit plus costs ready to hand over on the day of the auction if your bid is successful. If going down the traditional auction route, contracts become legally binding the moment the hammer falls. More recently however, a new, Modern Method of Auction has become more common giving slightly more flexibility, however you still risk losing a substantial reservation fee if you withdraw or don’t meet the strict deadlines. As with any property transaction, knowing the exact details and terms which you will be bound by is crucial and our property experts will be able to assist you understanding what these are.
You also need to be particularly cautious if you plan to pay for the property with a mortgage. Standard property auction terms usually give you anywhere between 14-28 days to pay the balance and arranging a mortgage within that timeframe can be tricky. If you miss the deadline for completion, you may have to pay penalties as you would on a conventional purchase plus added auction costs. You may even forfeit the full 10% deposit, so check the contract terms carefully prior to the auction. You should always make sure you have an Agreement in Principle with your chosen lender before placing a bid, and you should also compare conveyancing quotes before you go to auction so that you can get the ball rolling immediately if you win.
We offer two main services for auction property, the first being a pre-auction legal pack review the second being post-bid auction conveyancing taking you from your successful bid right up to collecting the keys and calling the property your own.
Bid with confidence once you have carried out a legal check on the property you are buying. As a number of the properties going on to be sold in auctions have unmarketable or defective titles, auction properties can be a legal mine field. Our property solicitors offer great value pre-auction title checks upon which you can bid with confidence. Our auction conveyancing solicitors handle a wide range of auction property transactions, providing fast and accurate legal support throughout the process.
Once you are the successful bidder, we have a team of highly experienced auction conveyancing solicitors ready to move quickly and complete the legal formalities of your chosen property. We can handle your property whether it is a freehold or leasehold, city or rural, modern or character property, and regardless of the way in which you are financing the purchase. We can act for the majority of mortgage and bridging lenders and when purchasing in either a personal or company name.
Because we have over a decade of industry knowledge and experience, we know what to look out for when it comes to buying at auction. We have acted on property sold through all of the main and lesser known auctioneers and by both traditional and modern auction methods. By using Express Conveyancing & our auction conveyancing solicitors to assist with your purchase, we can help make the most informed choice when it comes to your next auction purchase. We recommend beginning with an early auction legal pack review, allowing buyers to understand legal obligations before bidding and avoid last-minute issues.
Get in touch with our team today with details of the property or properties you have bid on, or are considering so we can provide a bespoke quotation specific to your needs.
Once you are the successful bidder, we have a team of highly experienced auction conveyancing solicitors ready to move quickly and complete the legal formalities of your chosen property. We can handle your property whether it is a freehold or leasehold, city or rural, modern or character property, and regardless of the way in which you are financing the purchase. We can act for the majority of mortgage and bridging lenders and when purchasing in either a personal or company name.
At Express Conveyancing, we offer a service in which our experienced auction conveyancers review the legal pack provided by the auction house prior to your auction and before you commit to any contract to purchase a property. We produce a written report detailing our findings about the property. Each report is bespoke and if there is a specific area you are concerned about, we can tailor your report to ensure this is covered. Contact one of our specialist auction team today to discuss how one of our reports may help you in making a decision to bid.
You can find more details about this service and why a pre-auction title check review is important in our article ‘Pre Auction Conveyancing and what to expect with an Auction Pack’.
Once you have been successful at auction, you need to quickly secure an experienced auction conveyancing solicitor to handle the pre-completion formalities of your property. Let one of our experienced conveyancing solicitors guide you through the completion formalities once placing your successful bid. Whether purchasing in cash, a limited company or using mortgage or bridging finance, we have a team to assist you.
When purchasing a property by the modern method of auction, once a bid is placed, a purchaser has around 56 days to complete the purchase, with exchange expected during this time. Whilst this differs from the more traditional property auction, the buyer pays an often-substantial reservation fee for purchasing by this method which is at risk, should they decide to withdraw from the purchase.
Although you haven’t exchanged contracts when your bid is accepted, with modern method of auction, you need an experienced conveyancing solicitor in your corner to ensure they act with speed and precision when raising vital enquiries, coordinating financial matters and navigating the process to completion within the timeframe.
You can read more about our approach to the modern method of
auction in our article, The Modern Method of Auction: Our Complete Guide
When it comes to buying property at auction, many are still sold by the traditional method with exchanging happening at the point a bid is accepted and completion a number of days or weeks shortly after. With standard completion times ranging from 14 days upwards, it is important to secure a good auction property solicitor to act for you. We have experience of handling complex matters, sold at auction, and working within time frames set by the majority of auction houses around the country.
When buying through an estate agent, the average property purchase takes at least 6 weeks from sale agreed to exchange of contracts. During that time, either party can pull out, change the price or drag out the process. The strict completion clause in auction property contracts protects both buyer and seller from all of those possibilities and ensures a swift, problem free transaction. However, this guarantee of a fixed completion date comes at a price. If you are unable to meet this completion date, there are significant financial penalties levied on the defaulting party and in some extreme cases, you could also loose your property.
When you compare conveyancing quotes, it is therefore crucial that you instruct a specialist auction conveyancer. Choosing a fast, experienced auction conveyancing solicitor through Express Conveyancing can help you meet that deadline and avoid financial penalties. You should also bear in mind that whilst some online conveyancing firms offer low prices, they may not have the expertise or speed needed to get you through the full auction conveyancing process in good time.
At Express Conveyancing, we also act for clients selling property at auction. If you are seller thinking of taking your property to auction, our specialist auction conveyancing teams can assist you (and your auctioneer) prepare the relevant legal packs or manage the process of a sale by modern method of auction. We will also offer you advice on what to include in a legal pack and what documentation you need to provide about your property. We provide our sellers with the full package of legal services for selling a property at auction.
At Express Conveyancing, we help clients with all standard transactions and most non-standard transactions as well. Our wealth of experience and variety of conveyancers means we have someone able to assist regardless of how your transaction unfolds.
If you believe your property transfer falls into the non-standard category, speak to us and we can typically confirm, during a quick phone call, whether this is something we can help you with or not and advise on any associated fees.
By operating a panel structure, we ensure we are across all lender panels, so we can accommodate your transaction even if your lender changes. You can continue working with our house buying solicitors and housing selling solicitors to complete your transaction as smoothly as possible
Our friendly and experienced team are on hand to have a chat through your conveyancing needs and provide advice and a no obligation quote if necessary. We do not demand upfront fees and the decision whether to instruct remains with you.
The first step is for you to request a conveyancing quote. Conveyancing quotes can be obtained by telephoning our offices, sending an email, or using our online quote calculator found on our website. Once we have all the details, we will review the details of the transaction and provide a customised conveyancing quote for you to consider.
Once you are happy with our conveyancing quote, we will promptly assign an expert conveyancing lawyer from our network of conveyancing solicitors. The conveyancing lawyer is selected based on their experience handling similar property transfers and their current caseload.
Excellent service, worked to tight deadlines and delivered on time.
I will use them again.
A really painless experience from the off! My enquiry was handled quickly and efficiently and my pre-auction legal review was completed in super-quick time! I was very impressed! I\’d have no hesitation in using the company again, or recommending them.
I am feeling so fortunate to get their service, I used pre auction conveyance it saved me from a big loss and stress and even time.
I have got much more than I expected from Rebecca, precisely the detailed explanations.
Would highly recommend this service to anyone buying a house.
Good fast service and clear communication. Received an auction property legal pack review and conveyancing at a reasonable price.
Connect with Our Conveyancing Experts Now
To obtain a commercial quote from our team, please provide a brief summary of your transaction using the box below and a member of our team will be in touch directly.
