In recent years buying or selling property through auctions has increased in popularity. While most buyers and sellers turn to estate agents to purchase property, some do look at auction sites for better deals.
An auction site can have benefits. It offers a cost effective home buying solution with no upward chains and a quicker turnaround from offer acceptance to exchange of contracts.
For landlords and developers the auction route can provide cheaper properties that usually require some additional work or renovation.
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You will need your finances in order to purchase from auction; either as cash or an agreement in principle from a lender. If you would like help with finding a mortgage prior to bidding on an auction site talk to our expert mortgage advisers.