Next Auction date: 2nd October 2019

   

Buying a property at auction
  • Every year thousands of people buy property at auction in the UK. Whether you’re a home buyer, investor, or developer the auction buying process is very simple and provides you with:

    • Fairness: All interested parties & buyers have an equal opportunity to bid.

    • Security: The contracts are exchanged on the day of the auction so there is no opportunity for gazumping

    • Speed: You can exchange contracts on a property in days and weeks rather than months

7 key steps to buying property at auction
register

Step 1: Register for an auction catalogue

Register to receive the latest auctions catalogue and be amongst the first to see all future auction lots. The catalogue also contains all the information you need for auction day.

viewings

Step 2: Viewings

Block viewings are made available for our properties, so you simply need to turn up at the allotted time - please don't be late as this will limit your viewing time!

legal pack

Step 3: Download legal pack

Before bidding at the auction, we advise that you thoroughly satisfy yourself by reading the legal pack and consulting with a solicitor or licensed conveyancer.

Auction prep

Step 4: Pre-auction preparation

Pre-registration is required ahead of the auction date. Please fill in the registration form or email for further information.

auction day

Step 5: Auction day

Our auctions start at 1.30pm at Green Park Conference Centre, Reading. If you are the successful buyer of a property, you will need to pay 10% deposit of the sale price and a buyers charge. You also need to provide your proof of identity.

fall of gavel

Step 6: At the fall of the gavel

If you are the highest bidder and the reserve price has been met at the fall of the gavel, contracts are exchanged. You will then sign a sale memorandum and pay the 10% non-refundable deposit and the buyers charge.

completion

Step 7: Completion

Completion normally takes place just 20 working days (4 weeks) after the auction as per the special conditions of sale, when the balance of the purchase price is paid.

Essential information when buying property at auction

Buying at Auction?

If you are looking to buy a lot at auction, we recommend that you read the legal pack below. Within these documents you will see the seller’s solicitors have provided the legal information covering special conditions of sale, title deeds, local searches, leases (where applicable) office copy entries, and any other relevant information. This information is available for inspection by following the link below. In addition you will see the General Conditions of Sale in relation to all legal matters.

Pre-registration info

All bidders/potential buyers are required to pre-register and complete the registration form ahead of the auction date to be able to bid/buy. Please email in the first instance so we can provide you with further information of find the details in our auction catalogue. 

If you’re unable to attend the auction?

We recommend that you should always attend the auction in order to bid in person. But, if you can't make it, you can send someone you trust such as your solicitor, surveyor or family member to bid on your behalf. You will be required to pre-register and provide certified ID for yourself and the bidder as well as a letter from yourself authorising them to bid on your behalf. They will also be required to bring their ID on the auction day. If it is impossible for someone to attend the sale room on your behalf, you may bid remotely by telephone or proxy. In order to bid by telephone or proxy Romans must be in receipt of your signed proxy/telephone remote bidding form, a 10% deposit cheque in the form of a bankers draft and your certified identification, at least 24 hours before the date of the auction. Please call the Auctions team on 01344 753 120 for more information on how to bid remotely.

Request Auction catalogue

*Mandatory fields

Attend one of our property auctions

Directions

Our sale room is located at the Conference Centre, 100 Longwater Avenue, Green Park - just off junction 11 of the M4 at Reading.

The Conference Centre is set within attractive landscaped grounds arranged around a picturesque lake and there is free car parking on site. Within the building there is a restaurant serving drinks, snacks and hot meals.

100 Longwater Avenue,
Green Park,
Reading,
RG2 6GP

GET DIRECTIONS
Buying an auction property online is easy

If you thought buying at auction was only for investors and cash buyers think again, our online auction platform offers buyers 28 – 56 days completion time so there is usually enough time to purchase with residential auction finance. 

Online auction offers buyers swift transactions without the pressure and very short timescales associated with a traditional auction. By combining the auction bidding process with the very best elements of a regular estate agent sale, buyers benefit from a secure, transparent sales process, and can bid live from your computer or mobile device. 

online auctions
Meet your auction experts

Simon Clayton

Manager and Auctioneer

Simon has worked in the property industry for over 30 years and is a qualified member of the National Association of Valuers and Auctioneers.

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Gareth Bell

Auctioneer

Gareth has worked in the property industry for over 25 years. For over 15 years he has worked as an auctioneer overseeing residential and commercial disposals.

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Daniel Gale

Surveyor

Daniel has worked in the property industry since 2006. He has experience in residential and commercial property.

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Jo Searle

Auction Co-ordinator

Jo is responsible for the daily management of the office, advertising and catalogue production as well as running the busy contracts room at our auctions.

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