There is a lot to think about when buying any property at auction and auction conveyancing, let alone one with a short lease. The main reason why prices at auctions might seem low is likely to be because there is a problem with the property, and one of the most common problems is because the lease is short.
Conveyancing Solicitors often advise clients against purchases when the lease has less than 70 years left to run because it is difficult to get a mortgage on a property with a short lease. Of course, when you spot a bargain sometimes it is hard to resist. Not many people who go to an
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The UK’s newest and fastest growing auction business is celebrating a sensational first four months.
Bond Wolfe Auctions, which is based in Birmingham and the Black Country, has held its first two auctions since its launch in January 2019, offering 230 lots with an average success rate of 87% and raising just under £30 million – which makes it the Midlands’ leading auctioneer in 2019.
Chief executive Gurpreet Bassi, who established the business with managing director Ian Tudor and marketing director Suzanne Randell, said that by any measure it had been a remarkable success story.
“Our average
A “get away from it all” property in the heart of rolling Welsh countryside has the potential to become a beautiful family home.
The three bedroomed detached property – Sarnau, Clawddnewydd, Ruthin – sits on a large plot with outbuildings and is due to be sold by SDL Auctions North West at the AJ Bell Stadium in Manchester in June with a *guide price of £240,000+.
And head of auctions Andy Thompson is confident the property’s location and potential will attract a lot of attention.
He said: “The house is in an idyllic location, with no immediate neighbours and surrounded by open farmland. It
Auction House is announcing its best ever April results, which now represent the sixth reported record month in a row for the brand.
The UK’s number one property auctioneer sold 353 lots in April from 447 lots offered – a success rate of almost 80% (78.97%), and raising £32,856,249 in the process.
Commenting on the figures, Auction House Founding Director Roger Lake said: “This is a phenomenal achievement in a market that is both challenging and hesitant. Collectively, we refuse to be negatively affected by Brexit disruption and the gloomy reports from commentators. Our results prove that
Most people can find buying and selling a property quite a daunting process, especially as they may only buy or sell a property a couple of times during their life. This is where a conveyancing solicitor will be able to assist you throughout the process. If you’re about to buy or sell a property and want to understand more about how it works and what’s involved, this guide is for you.
What is conveyancing?
Conveyancing is the legal transfer of a property from one person to another. It covers the whole process for buying or selling a property, from the time when a buyer’s offer is accepted
Bond Wolfe Auctions’ second auction of the year at The Holte Suite, Aston Villa FC, was another outstanding success with £11.4 million raised and 91 properties sold out of 108 offered.
Chief executive Gurpreet Bassi said the percentage sold at 85% was a very strong result with auctioneers Graham Carter and Philip Arnold working hard to achieve good results in another packed auction room.
Residential highlights included a two bedroom cottage in the highly sought-after area of Lapworth which sold for £232,000 from a guide price of £99,000+. There was fierce competition in the auction room for
Investors and developers filled the Auction House London saleroom last Thursday (9 May 2019), with a former library taking centre stage, putting Brexit to one side, with some furious bidding.
Bidding for the redundant library in Maple Road, Penge started at £585,000 with the hammer coming down at £652,000. There is planning permission to convert the first and second floors into flats with the ground floor remaining for educational use.
Director and Auctioneer at Auction House London, Andrew Binstock said, “Among auction buyers the chat over Brexit has subsided and the flavour of the room is
A pub near Walsall is due to go under the hammer in May – and a new investor could be just the tonic it needs.
With a guide price of £180,000-£200,000, The Cambridge, Cambridge Street, Caldmore, is to be sold by SDL Auctions Bigwood, the largest and most successful auctioneer in the West Midlands, at its 23rd May auction at Villa Park, Birmingham.
And, thanks to the transparency and speed of the auction process, the buyer could be raising a glass to a new future for The Cambridge within a month of the hammer falling.
Last orders have been called at the pub but it’s a building which serves up
FSS' May property auction in Harrogate has caught the attention of property developers across Yorkshire thanks to a broad range of refurbishment opportunities right across the price spectrum.
From a one bedroom town centre apartment to a riverside character property in Knaresborough with planning permission to create two homes, there is something to suit every taste and budget.
FSS Property’s May auction will be held at Pavilions of Harrogate on Thursday 23rd May at 3pm. Auctioneer Richard Smailes said the variety would attract new investors as well as seasoned property developers.
“It’s a
Three is the magic number for homebuyers looking to buy a bungalow at SDL Auctions Graham Penny’s Derby auction later this month.
Bungalows in Alvaston, South Normanton and Swadlincote are due to go under the hammer at Pride Park Stadium on Friday 24 May and senior valuer Robert Stone is confident they will quickly be snapped up by bidders.
He said: “Bungalows tend to do well at auction because they are always in demand. Our population as a whole is getting older, so one-level living accommodation is a practical choice and, with more and more people renting into retirement, many landlords are
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