Personal
SOLVING PERSONAL LEGAL MATTERS
The auction brochures can make a property look like an attractive proposition and there are programs on the television which highlight the profits to be made by buying a property this way but there are pitfalls and it is important to understand the process involved.
There can be a wide variety of reasons why a property is being sold at auction, for example, repossession by a Lender, the owner has died and the family want a quick sale, but it may be because there are structural problems with the property or defects in the legal title and the property may not be the bargain it first appears.
If the property is out of your area, it's important to do your homework. Although the house may be attractive, if it's not in a good location it would impact on a resale.
You will need to have a 10% deposit to buy at the auction and the balance of funds available (as cleared money) usually within 28 days of the auction, otherwise you will be in breach of your commitment to buy and there are financial consequences.
We can provide access to clear professional advice in relation to property, funding and trusts to find the solution that best suits your family and their individual circumstances.
Call our Residential Conveyancing Solicitors on freephone 0800 689 1358 or contact us for more information.
Get in touch to see how our experts could help you.
Monday to Friday:
09:00 to 17:00
Saturday and Sunday:
Closed
Partner, Conveyancing Solicitor, Blackburn
Residential Conveyancing
Blackburn
01254 222 349
Residential Property Paralegal
Residential Conveyancing
Blackburn
01254 222398
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Monday to Friday: 09:00 to 17:00
Saturday and Sunday: Closed