Auction Mortgage Finance

Auction 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:

Advantages:

You can potentially buy properties at auction for much less than market value.
You can obtain ownership of the property much quicker.

Disadvantages:

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.

Auction Houses

Allsop

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.

http://www.allsop.co.uk/services/auctions/

33 Wigmore St, London W1U 1BZ

020 7494 3686

enquiries@allsop.co.uk

Auction House

Hosts auctions all over the UK. For a complete list of locations, click here.

http://www.auctionhouse.uk.net/

The Barn, Newmarket Road, Cringleford, Norwich NR4 6UE.

0345 873 1366

enquiries@auctionhouse.uk.net

Barnard Marcus

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.

http://www.barnardmarcusauctions.co.uk

Sovereign House, 361 King Street, London, W6 9NA.

020 8741 9990

auctions.hammersmith@sequencehome.co.uk

Barnett Ross

Offer commercial property nationwide and residential property in London, Middlesex and Hertfordshire.

Brook Point, 1412 High Road, Whetstone, London N20 9BH.

020 8492 9449

info@barnettross.co.uk

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

info@philliparnoldauctions.co.uk

Savills

Tend to focus on higher end housing auctioned from either London or Nottingham.

http://auctions.savills.co.uk/

139 Sloane Street, London SW1 X9AY.

0207 824 9091

info@savills.co.uk

Strettons

Operating mainly in the London area.

http://www.strettons.co.uk/Auctions/AuctionsHomepage

Central House, 189-203 Hoe Street, London E17 3SZ.

020 7637 4000

auctions@strettons.co.uk