Auction Property Conveyancing
Buying & Selling
Buying a house at auction involves making a purchase at speed and our Specialist Property Lawyers understand that speed of service is a factor that needs to continue throughout the conveyancing process if you are successful at auction. Speak to our auction property team on 01733 203873 for more information or a free quote for our services whether buying or selling at auction.
Before attending an auction and purchasing a property it is important to be as well informed about your perspective purchase as possible. Once you have identified the properties you are interested in from the catalogue and researched the going market rate for properties in that area, it is crucial that you do your homework with regards to the legal pack that is available from the vendors conveyancers.
The pack should include (where applicable) copies of: special conditions of sale, title deeds, leases, office copy entries, searches, replies to pre-contract enquiries. It is important that you get these documents reviewed by a Property Lawyer so that they can alert you to any potential issues. For example, if there is a problem with the legal title to the property, any environmental issues etc.
This may seem unnecessary when you do not own the property, but it can prove crucial in helping you to avoid or make you aware of a costly problem before you buy the property.
Our specialist team offer fixed prices from £200 plus VAT* to review the legal pack prior to purchasing a property at auction, where the auction is over seven days away. Should the auction be less than 7 days away please contact our experts for a quote. If you are successful at auction we can complete your conveyancing for our standard fee minus the cost of your legal pack review.
The auction process
After a 10% deposit is paid at the auction we understand the necessity to complete by the fixed completion date and that the remaining 90% of the value of the property is usually payable within 28 days. We will be able to quickly assimilate the packs, prepared by the vendor's Property Lawyer, which contains all the legal papers that are needed. These include special conditions of sale, title deeds, results from property searches and details of pre-contract enquiries.
An auction is a legally binding process and we understand the importance of dealing with your conveyancing in the most efficient way. As a result we have developed a state of the art IT system and will ensure that you are always kept up to date. We are able to offer fixed fee conveyancing at competitive rates for properties bought and sold under auction.
*Auction pack check is non refundable regardless of success at auction.
Selling a property at auction
Selling a property at auction can be a quick and effective solution to a residential transaction, however it is still important to obtain specialist legal advice to ensure that your sale runs as smoothly as possible. PDR Property Lawyers team of conveyancing experts have years of experience of advising both buyers and sellers in auction transactions.
Our specialist team are able to offer a fixed fee of £350 Plus VAT to produce an auction pack for property sellers - instruct us to prepare your legal pack online.
Our comprehensive auction property sales pack will include:
- Conveyancing searches
- Local authority
- Title deeds
- Office copy entries
- Special conditions of sale
If you would like more information on buying or selling a property at auction contact our specialist conveyancing lawyers on 01733 203873 or request more information via our online enquiry form.