Supporting clients is one of the top agendas here at Auction Finance Limited. To ensure you get the most from property auctions which you attend, our auction specialists have devised a quick reference auction know how guide:
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 £1500)
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.
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 £1500)
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.