Frequently asked questions
Everything you need to know about selling and buying at property auctions in the UK.
Is auction only suitable for problem properties?No. This is one of the most common myths. While auction is well suited to unmortgageable homes, properties with failed surveys or complex situations, it is now widely used to sell quality, mortgageable homes. Competitive bidding often delivers strong results, and many sellers choose auction simply for speed, certainty and transparency.How is auction different from open market sales?Open market sales can take months to complete and frequently fall through. Auction offers a fixed timeframe, transparent pricing and genuine buyer commitment. Once bidding ends and the reserve is met, the sale is legally binding and completion usually follows within 28 days.What is the difference between traditional auction and the Modern Method of Auction?Traditional auction is legally binding when the hammer falls, with contracts exchanged immediately. The Modern Method of Auction uses a reservation process that allows more time to exchange contracts. Traditional auction provides greater certainty and speed.What type of auction does The Auction Group offer?The Auction Group delivers a modern auction service built on traditional auction principles. Auctions are fully online, combining commitment, speed and transparency with a digital-first approach. There are no crowded auction rooms and no drawn-out reservation processes. Instead, the focus is on secure, legally binding sales supported by exceptional expertise and first-class marketing. This is auction done properly.How long do UK house auction listings stay live? Auction timelines vary depending on interest and preparation. Once a property is fully marketed and the legal pack is complete, auctions can run from a few days up to two weeks. Your Auction Specialist will advise on the most effective timeframe.Can I sell my house at auction if it is tenanted or under offer?Yes. Auction is often used for tenanted properties, investment sales and situations where previous open market offers have fallen through. The process offers clarity for all parties and removes uncertainty.Do I have to accept the highest bid?No. Every property has a confidential reserve price. If bidding does not reach that level, you are not obliged to sell. If the reserve is met, the sale proceeds on legally binding terms.Can buyers still pull out after bidding?In traditional auctions, no. Once the hammer falls, the buyer is legally committed. This is a key difference from open market sales and reservation-style auction models.
Is buying a house at auction in the UK risky?Buying at auction is safe when properly prepared. All auction properties are supported by a Buyer Information Pack, allowing buyers and their solicitors to review legal information before bidding. Independent legal advice is always recommended.Can I buy a property at auction with a mortgage?Yes. Many buyers use mortgage finance. Buyers must ensure they can meet the completion timeframe and should arrange finance in advance.What fees should I expect when buying at auction?Buyers typically pay a competitive buyer’s fee, which is clearly outlined before bidding, alongside a deposit at the point of sale. All fees are transparent and confirmed upfront.Why do properties sometimes sell for more at auction?Auction creates a competitive environment where all bids are visible. When multiple buyers are interested, bidding can push the final price beyond expectations, achieving true market value in real time.Is auction stressful or complicated?Not with the right guidance. The process is structured, transparent and fully supported by experienced professionals from start to finish.Where can I find auction properties for sale in the UK?Current auction properties for sale in the UK are listed on our website and promoted across major property portals. You can view details, download legal packs and register to bid online.
Is buying a house at auction in the UK risky?Buying at auction is safe when properly prepared. All auction properties are supported by a Buyer Information Pack, allowing buyers and their solicitors to review legal information before bidding. Independent legal advice is always recommended.Can I buy a property at auction with a mortgage?Yes. Many buyers use mortgage finance. Buyers must ensure they can meet the completion timeframe and should arrange finance in advance.What fees should I expect when buying at auction?Buyers typically pay a competitive buyer’s fee, which is clearly outlined before bidding, alongside a deposit at the point of sale. All fees are transparent and confirmed upfront.Why do properties sometimes sell for more at auction?Auction creates a competitive environment where all bids are visible. When multiple buyers are interested, bidding can push the final price beyond expectations, achieving true market value in real time.Is auction stressful or complicated?Not with the right guidance. The process is structured, transparent and fully supported by experienced professionals from start to finish.Where can I find auction properties for sale in the UK?Current auction properties for sale in the UK are listed on our website and promoted across major property portals. You can view details, download legal packs and register to bid online.
