Oratto's member residential conveyancing solicitors bring with them many years of experience acting for clients looking to buy a house at auction.
These members are based in firms right across the UK so you can be assured of finding a specialist who is both local to you and right for your needs.
Oratto is at the cutting edge of legaltech and provides clients with more for less by empowering them to make intelligent and informed choices regarding their legal advice and representation, but at absolutely no financial cost.
To discover the benefits today simply browse our member profiles, chat online, try our Match service or speak with a residential conveyancing solicitor over the telephone for thirty minutes for free.
Auctions are a great opportunity to find the property that is right for you at the price that is right for you. However, they are also highly charged and pressured environments, with contracts being exchanged immediately upon the acceptance of the successful bid. This means that both buyer and seller are legally committed to the deal; it is typical for a 10% deposit to be paid on the day.
As such, despite the many advantages and opportunities provided by an auction, it can bring with it many risks. This is why it is especially important to have an experienced residential conveyancing solicitor to advise you throughout the auction transaction process. In particular this means making checks and searches before the date of auction to ensure there are no significant problems with the listed property.
Specifically, it may mean ensuring the following:
- Inspecting or surveying the property before auction (if possible)
- Arranging for the "ready money" of a 10% deposit
- Inspecting any tenancy agreements in place on the property
- Thorough examination and analysis of the auction pack
- Deciding on the need for any additional searches
- Considering the acceptability or otherwise of the auction contract
Auction purchase solicitors
If you are contemplating buying a property at auction, Oratto's member residential conveyancing solicitors can help you proceed with confidence by ensuring that each risk and consideration has been covered.
Our members are drawn from firms right across the country and all strive to uphold the Oratto Member Lawyer Code. The benefits of the Oratto service are completely free to users so get in touch with us today to make an intelligent and informed decision regarding your legal support during the auction purchase process.