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Homes under the Hammer on BBC at 10am every morning....
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Always visit the property and view inside. Always read the legal pack.
Always have a selection of appropriately pun-filled songs for any property-based scenarios.
(for example if there is a rat in your kitchen, or everything must change.) -
You need to be able to complete the purchase twenty working days after the day you bid/win the lot. Otherwise you're goosed and probably lose your deposit too. So unless you've got the cash, or know for sure you've got a mortgage, it's a risk.
I haven't bought. I was thinking of selling through 'modern method' of auction which gives 60 days instead of 20 days (I think) but I thought it looked shady as fuck.
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Quincy I bought my house at auction which this site is though I had not seen before. Not sure where you got the £3.5k from you are required to pay 10% of the value at the fall of the hammer so if the house cost £100k you would need to come up with £10k on the day of the auction plus the charge of £900 for the auction. Yes and if you do not complete within 20 days you risk loosing that. If you need a mortgage it is possible to sort one out before the auction but mortgage companies do not like it much. I bid on the basis that I had 60% of the money up front only to find I could not get a mortgage because my house is next to a chicken shop. If you are really interested PM me
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Howard
bq
Hairingtons
Zebra_Cyclist
@Quincy
Sorry to ask again but...
Has anyone bought a house via online auction? Specifically https://www.networkauctions.co.uk?
I'm slightly apprehensive about putting down £3.5k immediately (assuming I even won the auction!) before seeing a survey or actually knowing much about the property!
Any guidance? Cheers, Joe