![]() ![]() Auction offers immense opportunity and allows one to buy, through some lenders, with only a 15% deposit. As long as all parties are notified, your timeframe is paramount. Either way, completion can be set at 42 days (6 weeks) from exchange, rather than the normal 28 days, or in fact, anywhere in between. Some clients like to arrange their mortgage valuation prior to auction day and others after. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The Purchaser shall pay a deposit of 5% and buyer’s premium of 2.2% inclusive (with a minimum of £5,000.00) and contracts are exchanged. The amount payable will be specified in the lot description. This will be paid at the same time as the deposit if you are the highest bidder on a lot, before leaving the auction venue. This will be payable upon the fall of the gavel as contracts are exchanged. What is a buyer’s premium?Ī buyer’s premium is payable on all property and land lots. Without the above you will not be able to bid. Proof of funds will also be asked for at the time of registration. What ID must I provide?īy law we will require two proofs of ID – one photographic and the other proof of address less than three months old. Both registrations are swift and straightforward and will ensure your ability to bid on your chosen lot. You can choose from two options bid via Connect Realtime© or via Proxy/Telephone. What if I want to bid but can’t make it on the day? Please call us if you are unsure on what to bring. Just ensure you bring along 2x proofs of ID and proof of funds. If you are joining us in the room, we can register you on the auction day, at the auction venue. Register to bid via our website live stream (Connect Realtime).Yes – You have three options when it comes to bidding and each will require its own bidding process. The auction conditions require a full legal completion 28 or 42 days following the auction (unless otherwise stated). The Purchaser shall pay a deposit of 5% and buyers premium of £1,875 inc VAT and contracts are exchanged. UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer. The village is in the district of Epping Forest. It is on the River Roding, 16 miles southwest of the county town of Chelmsford. Circa min 0.11 of an acre each.Īccess is from New Farm Drive, next to Alderwood Barns. Prospective purchasers must rely solely on their own enquiries. These Plots may be suitable for a number of uses, including future residential development, subject to the usual planning permission and consents.
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