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Finance for buying property at auction

Auction finance is a great way for property developers to secure a below-market-value property, often from a motivated seller. It could even be suitable for first-time developers too, if you’ve got the right expectations from the beginning.

Putting up your hand and bidding on a property worth hundreds of thousands of pounds is a daunting prospect, even for experienced auction-goers. If you make the winning bid, you?ll usually have to pay a non-refundable deposit on the day, and you?ll have 28 days to pay the balance.

Property Personnel slams Chancellor for not slashing stamp duty

The Managing Director of the UK’s longest-established estate agent recruitment consultancy has slammed the Chancellor for failing to reduce stamp duty in tlast month's Autumn Statement.

What happens at a property auction....

Here's our step-by-step guide to property auction day. It's worth noting that if you are unable to attend, your solicitor or surveyor may be allowed to attend on your behalf.

Remember, in the run-up to the auction, keep an eye on the 'guide price' (this is the price listed in the catalogue). Also make sure you have made a decision on what your maximum bid will be. This will be based on your view of the property's value (having carried out viewings and local searches) rather than the guide price, and on the money you have available.

Final 2016 Derby auction catalogue out now

The final SDL Graham Penny Derby auction catalogue of 2016 has launched today featuring more than 55 lots and is set to be the last at the iPro Stadium before Derby County reverts the ground name back to Pride Park.

The auction, on Wednesday 7th December, will see 58 varied residential investment houses, development land, mixed use properties and commercial premises from across Derbyshire and beyond go under the hammer.

SDL Bigwood’s Coventry auctions off to a flying start

SDL Bigwood’s first Coventry auction got off to a flying start at the Village Hotel, Dolomite Avenue, Coventry, as eager buyers turned up for the city’s largest-ever auction sale.

A packed salesroom resulted in a hugely successful auction which raised £1,893,500 with a success rate of 88 per cent.

Notably, every single Coventry-based lot sold.

Stunning Sherborne Auction Success

Symonds & Sampson had a double celebration on 28 October as a packed sale room ensured that top prices were paid for all lots and it ended a very busy month with properties auctioned in Dorset, Devon and Somerset raising over £3 million.

Sold in 7 hours – from instruction to exchange of contracts

Leading property auctioneer Auction House London has sold a £1m property for its full asking price within seven hours of receiving the instruction to sell it.

The company received a phone call from the seller of the property in Mill Hill at 10 o’clock on Friday morning, and it was sold under auction conditions to one of two interested buyers by 4.30 that afternoon.

£1 lot to go under the hammer in Leicester

SDL Graham Penny, the new name for the most successful auctioneer in Leicester, has a ground floor flat set to go under the hammer at its auction this Thursday with a guide price of only £1!

Double Success for Auction House at property industry ‘Oscars’

National property auctioneer Auction House is celebrating after receiving two trophies at the 2016 Negotiator Awards – widely regarded as the property industry’s equivalent of the Oscars - during a glittering ceremony at the London Hilton Hotel on Park Lane.

The UK’s number one property auctioneer picked up Gold for Best Franchise for the second year running, as well as Bronze for Best Residential Auctioneer – the fourth year in succession that the group has appeared in the top three places in both categories.

Strategic restructuring for Auction House in the North West

Leading property auctioneer Auction House is restructuring its operation in the North West of England, as a strategic response to the surge in residential and commercial activity across the region.

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