Buying a property at auction. Is now the time?

By Mia Joseph

Published 3rd March 2023

Recent data has shown an increase in the number of landlords selling their buy-to-let properties at auction.

High interest rates, the increase in the cost of living and the changes to tax and legislation is making it difficult for some landlords. Profit margins are becoming tighter and properties are no longer providing the required return. Some landlords are seeking the opportunity to get out of the market quickly and selling at auction is one way to do that.

Recent research also indicates that landlords are willing to sell their investment property for up to 25-30% less than they might have sold for before. There does appear to be opportunity for those looking to get onto the property ladder.

But buying at an auction can be a fast-paced and unfamiliar  environment. Read our auction guides to find out all you need to know.

How to Buy a Property at Auction

How to buy a property at auction. Part 1: Getting prepared

Buying a property at auction can give you access to some great properties and investment opportunities, but it can be a fast-paced and intense experience. Being prepared is key so to help guide you through,

Read article

How to buy a property at auction. Part 2: Preparing to make your bid

In part two of our guide on buying a property at auction, we provide advice on the next stage of the auction buying process. From getting your conveyancing sorted, to the ways you can take part in the

Read article

How to buy a property at auction Part 3: What happens after you win?

Buying a property at auction can be a nerve-wracking process and the atmosphere can be tense, but you have done your research and are ready to make your bid. Now it's time to read part three of our "How

Read article

 

Remember - if you are considering buying a property at auction you will need a conveyancer for the legal aspect of the purchase.  Complete our conveyancing quotation form here or contact our conveyancing support team for information.