Category: Buying at auction

Buying property at auction means the buyer will be able to bid on a property online. Initially, the buyer will pay a non-refundable reservation fee. Once the bid is placed, the buyer will have a short time to get his finances ready before the transfer of property.

Common problems on Auction Properties

Posted by on 01/09/2019 in Buying at auction

There are two main types of auction that we come across. The first is a “traditional auction” and the second is known as a “modern auction”.  In both types, an auctioneer invites bids and the property goes to the highest bidder. In a traditional auction, at the point that the bid is accepted, contracts are legally exchanged […]

Continue reading »

Assessment of buying a house at an auction

Posted by on 08/11/2016 in Buying at auction

There are multiple ways of buying a property. One of the fastest and probably financially satisfying is an auction. If you are ready to purchase a property and all the searches are carried out, buying a house at an auction will save you time and money, with a lesser risk for the deal to fall […]

Continue reading »

Things you need to know about Repossessed properties

Posted by on 20/10/2016 in Buying at auction

A repossessed house is one of the risks of having a mortgage. Being late on the payments or missing them out give your mortgage company the right to repossess your home and sell it to the biggest bidder, to recover your debts and get their money back. This aspect will probably result in a property […]

Continue reading »

Conveyancing repossessed property – Things You cannot ignore

Posted by on 14/09/2016 in Buying at auction

Have you heard about repossessed property? Recognised for the low price and hassle free possession. These are the properties that are sold by the mortgage lenders. When a buyer unable to repay the loan, the lender takes the ownership of the property and sells it through agent or auction. However, as far as the conveyancing […]

Continue reading »

Legal Matters And More On Conveyancing For Auction Properties

Posted by on 12/07/2016 in Buying at auction

Conveyancing is necessary in the UK, being a mandatory legal process – it has to be followed and maintained at all times when buying or selling properties. There are many different types of properties available in the UK that can be bought directly by paying cash or taking a bank loan or taking a mortgage. […]

Continue reading »

Conveyancing for Auction Properties

Posted by on 11/07/2016 in Buying at auction

Conveyancing is a legal process in the UK. It is a mandatory process that has to be followed and maintained at all times when buying or selling properties in the UK. Lawyers who specialize in property dealing are known as conveyancing solicitors or just solicitors and they are the one who do conveyancing in the […]

Continue reading »

Buying Property at Auction

Posted by on 12/01/2015 in Buying at auction

Please note we can only act for existing or previous clients when dealing with auction properties At NBM we are happy to assist you with the conveyancing aspects of buying a property at auction, and indeed, many of our clients buy their properties in just this way. However, there are some pitfalls involved with buying […]

Continue reading »