Blogs of author

If you are buying, or have bought a residential lease, it will be for a specific period of time, which is known as the term of the lease. When that term comes to an end, the property goes back to the landlord.

Yes, that’s right, no matter how much you paid for your flat, if you are living in it when the lease expires, you will have to move out and the landlord takes over and doesn’t pay you anything for it!

In practice, it’s not nearly as bad as it sounds.

It’s very rare to buy a short lease (it’s unusual to buy a residential lease for less than 80 years for reasons we’ve explained in

Bond Wolfe, the UK’s leading livestreamed property auctions business, has recorded a 57% rise in annual revenues in 2021 with its total for the year surpassing £175m.

The surging auction sales totalled £175,256,810 this year, up from £111,188,850 in 2020, and an incredible 115% higher than the £81,486,250 recorded in the auction business’s launch year in 2019.

The annual revenues were revealed following Bond Wolfe’s seventh and final livestreamed auction of 2021, which itself raised £29.2m.

Gurpreet Bassi, the chief executive of Bond Wolfe, explained that the rapid success and

The final Acuitus auction of 2021 raised £22.7m with a success rate of 94% as investors showed no sign of being deterred by the current impact of the Omicron variant. A third of the lots offered sold for more than £1m and the average price achieved for all properties sold was in excess £800,000.

Acuitus Chairman, Richard Auterac comments: “The sale clearly showed the undiminished demand from investors who have confidence that the Omicron variant will be countered, and life will return to normal sooner rather than later. The feeling from “the room” is that the year has ended on a high, which

Auction House London sold the highest number of properties in a single auction this month on Wednesday 8 December – its last sale of 2021.

Auctioneer and Director of Auction House London, Andrew Binstock says: “This was an epic sale and our strongest auction since the pandemic began. There was some fast and furious bidding by many buyers on a number of Lots by people who have really embraced livestream sales. This style of sale has revolutionised the way we do our auctions and I cannot see a return to a room only auction model.”

Any Lot with potential to add value always fires the

SDL Property Auctions has held its final live-streamed Auction Event of 2021 as another successful auction year draws to a triumphant close.

Despite the continuing challenges presented by the pandemic, it has been a year of impressive achievements for the award-winning auctioneer which has sold more than 1,600 properties and raised more than £240million for sellers in the past 12 months.

One of the most spectacular results in December was achieved for a terraced house in Leicester. Despite requiring renovation – and every room being filled with junk – 37 Myrtle Road drew enthusiastic

Leading property auctioneer Auction House has applauded the resilience and ingenuity demonstrated throughout the sector over the last 18 months.

Managing Director Jeremy Prior says that since the beginning of the pandemic the industry has moved heaven and earth to continue to work for their vendor and buyer clients. This has involved embracing cutting edge technology which has powered the entire industry forward by at least five to ten years and has changed the way auctioneers conduct their businesses forever.

He explains: “Before Covid, all property auctions were conducted in room and

Bond Wolfe Auction News: Two lots selling for a million pounds and more were the highlights of Bond Wolfe’s live streamed December auction which saw the fast growing firm set a new annual record.

The attractive Grade II listed self-contained offices at 54 Newhall Street (pictured) in Birmingham’s Central Business District, sold prior to the auction for £1 million.

But this result was outdone by the prior sale of commercial investment Chapel Court on the corner of Market Street and Queen Street in Wolverhampton, which raised £1.65 million.

These were just two of the outstanding

Family-sized homes have exceeded all expectations at Network Auctions’ latest online auction sale held 9th December. Leading auctioneer, Toby Limbrick, to say, ‘We’re seeing a new breed of buyer in the auction room.’

The sale, which recorded an 84% success rate and raised £6.3 million, saw a huge spike in hammer prices paid for lots which would be suitable for family accommodation. A four-room detached bungalow requiring modernisation in Bell Lane, Hatfield, Hertfordshire (pictured), sold for £701,500, against a reserve of £450,000.

A luxurious ready-to-move-into four-bedroom barn in

Clive Emson's auctions often include the unusual and this December’s auction is no different. With Christmas just round the corner perhaps Lot 12 is one you could buy for your loved one?

It’s an interesting piece of real estate and believed to be have been built circa 1926. The Western Undercliff Lift in Ramsgate certainly has the feel of Art Deco comprising a Grade II listed lift shaft with recessed central panel infilled with coloured glass graded from dark blue at the base (Royal Harbour Approach Road) to white at the top (Westcliff Promenade) divided into three stages by cross panels

Two more holiday homes on a 35-acre country park in Cornwall are appearing at Bond Wolfe’s next online property auction on Wednesday 8 December.

The long leasehold holiday bungalows (pictured) are at numbers 81 and 91 Hengar Manor, St. Tudy, near Bodmin, and have guide prices* of £20,000+ and £35,000+ respectively.

Both properties have access to the country park’s nine-hole golf course, tennis courts, fishing lake, swimming pool, popular bar and restaurant.

The pair of lots follow four previous sales of Hengar Manor homes in recent Bond Wolfe property auctions, with the last one