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Supporting clients is one of the top agendas here at Auction Finance Limited. Our auction specialists have devised some frequently asked questions to ensure you get the most from the property auctions which you attend.
Before an auction:
• Register on an auction house's mailing list to receive their
catalogue.
• Locate a property that suits your requirements and obtain details.
• Decide whether to attend the auction or bid by proxy, telephone or
on the web.
• If you have a property in mind, you can organise your finance
with us prior to the auction.
Before an auction bring:
Your cheque book - A 10% deposit on the day will be required (usually a minimum of £1,500)
Solicitor's details - The auctioneer will require details of which solicitor you are planning to use
ID - You will need to bring your original passport or driving licence and proof of residency to comply with Anti Money Laundering rules
After an auction:
After purchasing a property, contact an insurance broker to arrange insurance cover. You usually have up to 4 weeks
after the auction date to complete the purchase. However it can be as little as 10 days.
For a more in depth insight into auction know how view our
auction guide.
Auction Finance Limited can agree 'in-principle' loans
BEFORE, DURING or
AFTER an auction.
Visit our
auction calendar to find out which auctions we are attending near you.
Auction Finance Limited is registered in the UK, company number 04949929. Registered Office and geographic address: 7th Floor, Bracken House, Charles Street, Manchester M1 7BD. Group VAT registration number 588797251.