Auction

• View upcoming auction details
• About the venue
• Selling at Auction
• Forthcoming Besley Hill Auction Sales
• Results of previous sales

Buying at Auction

The main advantages in purchasing from a Besley Hill Auction Sale are:

• Professional, experienced staff able to answer any queries and offer full advice on all lots.
• Regular viewings leading up to the sale with time to arrange a valuation and survey.
• Full legal packs are available for inspection before the auction date.
• Transparent transaction.
• Exchange of contracts on the fall of the hammer.
• 28 day completion (unless stated otherwise in the contract).

You will need to bring the following items if you are planning to bid at Auction:

• Cheque or bankers draft for 10% deposit (made payable to the acting solicitor). CASH IS NOT ACCEPTABLE.
• Your legal representative’s details.
• Two forms of identification i.e. passport, drivers licence together with evidence of address to comply with current Government Anti Money Laundering Legislation.

Buyers Premium

Please note all lots are subject to a Buyers Premium in the sum of £150.00 (inclusive of vat) payable to Besley Hill at the same time as the 10% deposit.

Auction Procedure – an overview

• Announcements regarding individual lots are made at the beginning of the auction so an early arrival is advised.
• Each property is offered for sale subject to a reserve price.
• All parties are entitled to bid, any disputes may result in the property being re-offered for sale or withdrawn.
• Bidding must be clear and made in good time.
• On a successful bid the fall of the auctioneer's hammer denotes a binding contract to buy the property.
• After the auction a Memorandum of Sale and any Addendum must be signed.
• Deposit for any property purchased is 10% (bankers draft or guaranteed cheque, made payable to the vendor's solicitor). Cash is NOT acceptable.
• All buyers are required by law to provide proof of identity and address.
• Responsibility for insurance of any property bought begins as soon as the auctioneer's hammer has fallen - organise it the day before!
• Completion usually takes place 28 days from the date of the auction, unless otherwise stated by the vendor's solicitor.

For more detailed guidance notes on buying at auction, please click here.