Auction Solicitors

Our fixed-fee conveyancing solicitors can help anyone considering buying or selling a property at auction in England or Wales. Our solicitors specialise in property auctions, so you can be sure that you’re in safe hands.

For a free quote, call us on 0191 567 7244 , and we’ll be delighted to help.

You can also email info@cooklaw.co.uk or complete our free online enquiry form and we will be in touch with you shortly.

What does a conveyancer do before an auction?

If you have seen an auction lot you intend to bid on, please get in touch with our conveyancing solicitors as soon as possible. There is a lot to do before the auction takes place!

Our property solicitors will examine the auction legal pack and the catalogue. We will review this information with you, ensuring you’re aware of any potential risks. We can also raise enquiries with the seller and explain any special conditions of sale.

Completing this due diligence before the auction is essential. If you are the highest bidder at the auction, then there is no backing out. You are contractually obliged to see the purchase through, or you risk losing your deposit and being sued for breach of contract.

As property solicitors, we understand the importance of these pre-auction checks all too well. We are here to protect your best interests. We are meticulous in our approach, ensuring you make an informed decision about bidding on the property.

After the auction

If your bid is successful, you must pay the deposit and exchange contracts straightaway. A completion date is usually set for 28 days later. Our solicitors appreciate the time limits involved and will get to work immediately.

We will draft the transfer documents, liaise with your mortgage lender and arrange the payment of the balance funds. You may need an auction bridging finance between exchange and completion, which we can process for you.

Our solicitors also handle the Stamp Duty Land Tax payment, if required.

After completion, we will register the purchase with HM Land Registry and liaise with the management company, if applicable.

Specialist property auction solicitors

Buying a property at auction is very different to buying a property on the open market. You need a conveyancing solicitor who specialises in auction conveyancing. With Cooklaw Solicitors, you can trust that we know exactly what we’re doing.

We regularly represent both buyers and sellers at auction. Our fixed fee conveyancing solicitors provide expert advice and guidance throughout, completing every aspect of the transaction, which includes:

  • Checking the legal title to the property
  • Alerting you to potential issues
  • Checking the lease, ground rent, service charge or other monthly costs
  • Raising pre-contract enquiries
  • Advising on special conditions of sale
  • Preparing for exchange of contracts
  • Drafting the transfer document
  • Arranging the payment of balance funds, including processing a bridging finance loan
  • Registering the purchase with HM Land Registry
  • Completing and submitting a Stamp Duty return

Selling property at auction

We also act for vendors who are selling their property by auction. We will prepare the legal pack, answer pre-contract enquiries and arrange to exchange contracts. Following the exchange of contracts, we will liaise with the buyer’s solicitor to finalise the transaction by the specified completion date.

If the buyer withdraws from the sale or cannot source the necessary funds, we can advise you on your next steps. You have certain legal rights in this situation and may even have grounds to sue for breach of contract.

Want to review an auction property for sale?

The first step to buying a property at auction is research. If you are eyeing up a property that is being sold at auction, our fixed fee conveyancing solicitors can review the legal pack for you. Without this specialist insight, you might commit to a purchase that doesn’t serve your best interests. Let us do the homework for you.

Contact us

Please call us on 0191 567 7244 and we’ll be happy to help you. 

If you would rather contact us online, you could email us on info@cooklaw.co.uk or complete our free online enquiry form and we will be in touch with you shortly.

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Navigating the legal maze can at times be daunting. We understand the complexities of the law and are dedicated to providing you with expert guidance and comprehensive solutions for all aspects of property and wealth related matters.

Let Cooklaw be your trusted guide. Contact us today to receive the clarity and confidence you deserve.

info@cooklaw.co.uk 0191 567 7244