Auction Mortgage Finance
Many property buyers are now turning to auction houses throughout the UK in a bid to secure a property for less to increase profits on buy to let, renovation projects and even commercial property.
There are many advantages and a few disadvantages of buying a property at auction, some of these we have listed below:
- You can potentially buy properties at auction for much less than market value.
- You can obtain ownership of the property much quicker.
- Properties may have problems such as live-in tenants, need renovation or are hard to sell.
- Auctions are not for the fain-hearted and must be fully understood before attempting.
Known as the UK’s number 1 auction house. Also one of the leading property consultancies. They have offices in London, Leeds, Brighton and Glasgow.
33 Wigmore St, London W1U 1BZ
020 7494 3686
Hosts auctions all over the UK. For a complete list of locations, click here.
The Barn, Newmarket Road, Cringleford, Norwich NR4 6UE.
0345 873 1366
One of the largest residential property auctioneers in the UK with nationwide properties. All auctions are held at Grand Connaught Rooms, 61-65 Great Queen Street, Covent Garden, London.
Sovereign House, 361 King Street, London, W6 9NA.
020 8741 9990
Offer commercial property nationwide and residential property in London, Middlesex and Hertfordshire.
Brook Point, 1412 High Road, Whetstone, London N20 9BH.
020 8492 9449
Phillip Arnold Auctions (Formerly Brendons Auctioneers)
Focuses on West London but do sell property nationwide.
Third Floor, 24 New Broadway, Ealing W5 2XA.
0845 652 5251
Tend to focus on higher end housing auctioned from either London or Nottingham.
139 Sloane Street, London SW1 X9AY.
0207 824 9091
Operating mainly in the London area.
Central House, 189-203 Hoe Street, London E17 3SZ.
020 7637 4000