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With an Auction sale or purchase, when the gavel falls, you have exchanged contracts

This creates a legally binding agreement between both parties. There is then a limited period of time to formerly 'complete' transferring what is more commonly a significant asset, for a large sum of money.

The auction conveyancing process is therefore condensed into a matter of days rather than months. For both buyer and seller, this speed can prove to be extremely advantageous; however, it should not diminish the significance of the transaction – there are many considerations for both parties.

Useful Links

Land Registry - Registering land or property

Stamp Duty Land Tax

SDLT Calculator - This calculator can be used for property purchases that are:

  • for first-time buyers
  • replacing main residence
  • additional property
  • residential or non-residential
  • freehold or leasehold
  • for non-UK residents purchasing residential property

Property Alert Service - Sign up to HM Land Registry's free Property Alert service to help protect your property from fraud.

Fraud prevention - Protect your land and property from fraud

Action Fraud - 24/7 live cyber reporting for businesses

Auction Essentials – the professionals you need when buying or selling at auction

NAVA (National Association of Valuers and Auctioneers) Propertymark

Clive Emson Auctions - see us on their website

Barnard Marcus - see us on their website

UK Auction List - Find auction properties from the largest, most renowned auctioneers to the smallest, all in one place.

Essential Information Group - Complete information on virtually all UK property auctions