Auction Conveyancing - SAM's Conveyancing's buyers guide
Auction Conveyancing Specialists
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Auction Conveyancing Solicitors

7 min read
Auction TitleChecker
Pre-Auction Report
Post-Auction Conveyancing
Short on time? Get a report that inspects the property title today.

  • Flags restrictive covenants
  • Easy to read
  • Shows charges (mortgages)
  • Great for multiple properties
  • Delivered within 24 hours (normally within the hour)

5 days or more? Get a solicitor to inspect the legal pack.

  • Review of the auction paperwork
  • Flags missing documents
  • Interprets the title
  • Written report highlighting risks
  • Specialist auction conveyancing solicitors

From £360 INC VAT
Winning bid? We can get you through to completion quickly.

  • Completions in 21 to 28 days
  • Fixed Fees
  • On all lender panels
  • Specialist auction solicitor
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From £705 INC VAT

Buying a property at auction differs from the standard conveyancing process and the potential risks and gains should be assessed equally; especially as you'll be contractually bound to buy the auction property after you win the bid.

Prior to the auction day the auction house provides a legal pack about the property being sold. The pack will normally contain all of the following:

Whilst the above is what you should receive when buying property at auction the legal pack can lack information; especially if it is a repossession auction because the seller didn't live in or own the property so they have very little or knowledge of the auction property. This is why you need specialist auction solicitors to review the legal pack prior to the auction and report what information you do not have and flag issues in what documents have been provided.

The information is normally limited and should be reviewed by a solicitor before you make an offer. Conveyancing solicitors will be happy to prepare a pre-auction report based on this information, and any other that they can obtain, prior to you attending the auction house. This costs much less than the conveyancing for a full purchase.

Auction Conveyancing Solicitor

We have specialist auction solicitors who can help with:

  • Pre-Auction Report (minimum 5 working days needed before auction)
  • Post Auction Conveyancing handling completion in the 21 to 28

Auction Specialists | Fast Completions | FIXED FEES | On all mortgage lender panels

Watch out when buying leasehold flats at auction

A common mistake is to buy a leasehold property at auction without finding out the lease term first. Leasehold properties with short leases (under 80 years) may not be able to be mortgaged. For some seasoned auction buyers a short lease is an opportunity, however they what to do Buying a leasehold property with a short lease.
Winning Bid - Legally binding once the hammer falls
Unlike with standard conveyancing, where you can take as much time as you like before you confirm you are happy to exchange contracts, an auction property is legally binding at the point the hammer comes down. You'll have to pay your auction fees, 10% deposit and complete the purchase in 28 days (the normal agreed time frame).

You never truly know why a property is being sold at auction. Was it that the seller needed a fast sale? Does the property have a structural defect that can't be fixed? Is the lease short and the freeholder won't extend? Is the council looking to enforce the removal of an extension with no planning permission? (read more about What hazards to look for when buying a home)

The challenge is that if there is an issue post-auction, you could be buying a property that isn't able to be sold on the open market, or your mortgage lender won't lend you the money because of the issue. This exposes you to losing your 10% deposit and the legal costs of the seller.

5 Top Tips for Auction Conveyancing


    Set yourself a bidding limit

Setting a bidding limit for what the property is worth is the most important thing to do. You should first review the property prices for sold and under offer properties in the local area to your property; preferably on the same street - one street along (even at the end of the street) can have a serious affect on the price of a property. The prices you see will in theory be what your property would sell for in a good condition, which means you need to have a figure in mind for renovating the property into a similar condition.

Auction properties are often in a poor condition and require work to bring up to current market value. This cost needs to be factored into your bid limit along with the purchase costs including stamp duty, land registration etc. (read What are the cost of buying an Auction Property).


    Order conveyancing searches

Property searches contain essential information about the property including planning permission, building control sign off, contaminated land risk, flood risk and ground stability information (read more about - Property Searches for auction properties). Mortgage lenders won't lend money unless you have certain property searches - See what searches your mortgage lender requires here: Council for Mortgage Lender Handbook. If your auction legal pack doesn't include conveyancing searches then ask your conveyancing solicitor to confirm which searches to get based on the legal pack and the area of the property.

The costs of searches depends on the local authority and water board. They can take up to 3 weeks to come back so make sure you get them ordered ASAP.


    Get a mortgage in principle

With only 28 days between exchange and completion, you won't have much time to organise your finances. The process of getting a mortgage can take weeks to organise from mortgage in principle to mortgage valuation to mortgage offer. You need to have a mortgage in principle before you go to auction. You may also look to get

If you are a cash buyer then you must read our article about - Buying a Property without a mortgage.

Will your lender give you a mortgage?
You may think that the poor condition of the property is ok, however your mortgage lender may not. If there is a defect, such as subsidence or rising damp, then your mortgage lender may refuse to give you a mortgage offer. This is equally the case if the dwelling is a concrete-built property.


    Get an Auction Survey

Access for auction properties is limited and the time allowed for inspections is short. You'll need to get a RICS surveyor booked for the specific time available to inspect the property to ascertain if there are any potential defects affecting the property. As we have seen above, there are some structural defects that can make the property unmortgageable.

We have local RICS surveyors based throughout England with next day availability. If you need an auction survey please call us on 0333 344 3234.


    Instruct an Auction Solicitor to review the legal pack

Although limited in detail, you should instruct an auction property solicitor to review what legal paperwork is available. The information the seller provides could have hidden restrictions or legal issues that could be spotted before you make your bid. Our solicitors charge a fixed fee for completing this legal review and they'll provide a report that'll inform you of the risks of buying the auction property based on the information available.

Can I pull out after I win the auction?

Yes you can, however it'll be very costly. You would forfeit the 10% deposit you paid at auction and you'll be liable for any of the seller's costs. If you have won at auction and need to pull out then read this article - Can I Pull out after I exchange contracts?

Auction Conveyancing has no guarantees and high risk

When buying at auction there are no guarantees. If you buy at auction you do so caveat emptor (literally 'let the buyer beware'), which means that if there's something wrong with the property, you probably won’t have any comeback against the seller or the auctioneers. You might have a remedy if there were misrepresentations in the auction catalogue or legal pack, however this is a complicated area of law. You could be faced with the prospect of possibly expensive litigation, which is best avoided.

Auction Specialists | Fast Completions | FIXED FEES | On all mortgage lender panels

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