This creates a legally binding agreement between both parties. There is then a limited period of time to formerly 'complete' transferring what is more commonly a significant asset, for a large sum of money.
The auction conveyancing process is therefore condensed into a matter of days rather than months. For both buyer and seller, this speed can prove to be extremely advantageous; however, it should not diminish the significance of the transaction – there are many considerations for both parties.
Land Registry - Registering land or property
Stamp Duty Land Tax
SDLT Calculator - This calculator can be used for property purchases that are:
Property Alert Service - Sign up to HM Land Registry's free Property Alert service to help protect your property from fraud.
Fraud prevention - Protect your land and property from fraud
Action Fraud - 24/7 live cyber reporting for businesses
Auction Essentials – the professionals you need when buying or selling at auction
NAVA (National Association of Valuers and Auctioneers) Propertymark
Clive Emson Auctions - see us on their website
Barnard Marcus - see us on their website
UK Auction List - Find auction properties from the largest, most renowned auctioneers to the smallest, all in one place.
Essential Information Group - Complete information on virtually all UK property auctions
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