UPDATE: Next LIVE Auction is on 17 December → Register to bid
Buyer FAQs
Land Auctions
Frequently asked questions
Can I buy land at auction without planning permission?
How quickly do I need to complete the purchase?
Land sales typically complete in 28 or 42 days, depending on the terms of the lot. Because land doesn’t rely on mortgage chains, the process is fast and predictable.
Can I make an offer before the auction?
Is the land discounted?
All land is competitively priced to encourage strong buyer interest and fast, certain sales.
Will I see all the legal information before the auction?
Can I buy land with restrictions or issues?
Do you have new land lots regularly?
Do I need to register to bid?
Yes – With Connect RealTime® you have three options when it comes to bidding.
For each bidding method, you must provide; Proof of ID, proof of funds and a utility bill.
What ID must I provide?
By law we will require two proofs of ID – one photographic and the other proof of address less than three months old. Proof of funds will also be asked for at the time of registration. Without the above you will not be able to bid.
Can I talk to someone before bidding?
What are the auction fees?
The auction fees are payable on all properties. This will be payable upon the fall of the gavel as contracts are exchanged. This will be paid at the same time as the deposit if you are the highest bidder on a lot. The amount payable will be specified in the lot description.
How much is the deposit?
Usually the Purchaser shall pay a deposit of 5% and auction fees of 2% +VAT inclusive (or a minimum of £5,500 +VAT) as contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.
What is a proxy bid?
Here you will advise a representative as to your maximum bid by completing our Proxy Bidding form and the auctioneer will bid on your behalf up to your maximum. They will always endeavour to secure the property for you, either at, or below your maximum bid if possible. If the bidding in the room exceeds your maximum, then you proxy bid would end.
What is a telephone bid?
Speak directly with an auction representative as the auction unfolds. Place your bids over the telephone and stay informed with the bidding.
What is Connect Realtime® Bidding?
Connect Realtime® is our live streaming of the auction you will access via our website. Giving you the ability to bid from anywhere in the world, in real time. Once you register to bid, we will send over the necessary documentation for you to complete before approving your bidding. Once approved, come auction day, just login to your account and watch the auction unfold and bid on your chosen lot(s).
What happens if I’m the highest bidder?
You will have already signed to say that you are happy for us to sign the memorandum of sale on your behalf to allow the exchange of contracts after the fall of the hammer. After this has been done one of our team will be in touch once the auction has finished to take payment of the lot deposit and auction fees. Once this has been completed contracts will be sent to your solicitor as well as the sellers with completion in the agreed completion timescale. As soon as the hammer falls there is a binding contract of sale.
What is due diligence?
This means that you have done everything you can, in terms of research, before committing to a property or land purchase. This may include viewing the property, commissioning a survey, asking a solicitor to review the legal pack etc.
What payment methods do you accept?
We accept direct bank payments only, either through out online merchant provider or via a manual bank transfer.
What happens if I cannot complete on a purchase?
If you don’t complete on the date set you will be given what’s called ‘Notice to Complete’. This will last for 10 days and will incur a daily charge, of which the amount can be found in your contract. Failure to complete at all with result in a forfeit of your deposit as well as your auction fees plus any shortfall once the property or land is re-auctioned and sold.
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