There is always a huge potential to add value to land which has been purchased through an auction.
Buying at auction is one of the fastest and most secure way of purchasing land. When the gavel falls, contracts are exchanged immediately with the completion set at a predetermined date. From this point on, the sale is legally binding and there is no fear of fall throughs or gazumping.
Every property or land lot has a Guide price that is published in the auction catalogue. The guide price is an indication of what the seller expects to achieve and is therefore subject to change.
The guide price is not the price at which the property will necessarily sell and it is not uncommon for properties to sell for a considerable amount above the guide price.
Call us to book in a viewing on 0800 448 0100 (Freephone). It maybe that we have one or two open days for the lot in question.
Whether you are paying in cash or financing the purchase, make sure this is organised prior to registering to bid. This will give you an idea of your maximum budget.
We will email you the relevant legal pack for the land you have an interest in. The pack will include all the legal documentation surrounding the lot and is created by the sellers solicitor. If you feel it’s necessary or you are unsure, you may instruct a solicitor to go over this. You can also request the legal packs for each lot on each individual lot page.
The bidding registration deposit is required in order to be approved for bidding. The amount is £2,400 per lot and is deducted from your deposit upon exchange, if you are the highest bidder. If you are not the highest bidder, the bidding registration deposit is refunded to you, in full.
Once you’ve been approved to bid, our registrations team will send your login details. On the day of the auction, click the ‘Live Auction’ button displayed on our homepage, login and start bidding. There will be a live video feed of our auctioneer and presenter, who’ll be talking through the lots, providing insightful tips and information.
A Connect UK Auctions representative will call you prior and during the auction and place bids on your instruction. You will also be able to watch the live auction on our website via Connect Realtime®
Here you will advise us of your maximum bid amount, and we’ll bid on your behalf up to this figure. We will always endeavour to secure the property for you, either at, or below your maximum bid amount, if possible. If another bidder exceeds your maximum bid amount, your proxy bid would end.
