Bid on iam-sold lots with the legal position priced in - not exchanged blind.
iamsold does not run its own auction rooms. It sells through partner estate agency branches across the UK - several thousand of them - with each property running its own timed online auction rather than appearing in a scheduled catalogue. Auction windows commonly run between two and fourteen days and the timer extends automatically if a bid lands near the end. Stock is overwhelmingly residential, and the buyer is frequently an owner-occupier rather than an investor, which shapes both the competition and the documentation.
- Region
- UK-wide, sold through partner estate agency branches rather than the company’s own rooms, with separate operations for Northern Ireland and the Republic of Ireland.
- Auction calendar
- No fixed sale diary - each property runs its own timed online auction, commonly between two and fourteen days, with the timer extending automatically if a bid is placed near the end.
Page reviewed 4 September 2026
How iam-sold legal packs are structured.
The central question on any iamsold lot is which route applies. The 56-day Modern Method of Auction runs on a reservation agreement and a non-refundable Reservation Fee, while the 28-day Traditional Auction exchanges on the fall of the hammer with a ten per cent deposit. The Reservation Fee is paid in addition to the purchase price, does not come off it, and is considered within the Stamp Duty liability.
Documents are supplied as a Buyer Information Pack, sometimes called the Auction Pack, available on the property listing behind a free account. It is free to view before bidding, with the winning bidder paying the pack fee on completion - a published £349 including VAT. Packs are frequently prepared by Medway Law, an iamsold sister company, which is a different arrangement from the independent seller’s solicitor pack seen at most auction houses. Additional documents may be added before the auction ends, so the pack should be re-checked rather than reviewed once. Under the Modern Method the 56-day period runs from the point the buyer’s solicitor receives the draft contract pack, not from the end of the auction, which moves the real completion deadline later than a calendar count from the sale suggests. The Reservation Fee is calculated as a percentage of the sale with a minimum shown on the property’s profile page.
Pack conventions at iam-sold
- Two routes: the 56-day Modern Method of Auction and a 28-day Traditional Auction
- Under the Modern Method the winning bidder pays a non-refundable Reservation Fee and signs a Reservation Agreement for an exclusivity period; the fee is a percentage of the sale with a minimum shown on the property’s profile page
- The Reservation Fee is paid in addition to the purchase price, does not come off the price, and is considered within the Stamp Duty liability
- The 56 days run from the point the buyer’s solicitor receives the draft contract pack, not from the end of the auction
- Documents come as a Buyer Information Pack, free to view, with a fee of £349 including VAT payable by the winning bidder on completion
- Packs are often prepared by Medway Law, an iamsold sister company, rather than an independent seller’s solicitor
- Bidding increments are automatic, in £500 steps
What iam-sold sells
Overwhelmingly residential - houses, flats and bungalows - with land, commercial property, garages and parking, guest houses and hotels, retirement property and private halls appearing less often. Because much of the stock is ordinary residential sold to owner-occupiers as well as investors, the packs are generally lighter than a traditional auction pack, and the risk is more often in the fee structure and the timetable than in exotic title problems.
For how the process works across every house, see our auction legal pack review page.
Three findings from a iam-sold review.
Anonymised illustrations, chosen to be representative of the issues that arise on iam-sold lots. Every report rates each finding red, amber or green and sets out what to do about it.
Anonymised examples · illustrative only · not drawn from any identifiable lot
The Bidq review for iam-sold lots.
Upload the pack, answer five questions, and an SRA-regulated solicitor reads every document against a structured framework - title, special conditions, searches, leases and tenancies - returning a bid posture, category scores and numbered R/A/G findings.
The full process is set out on how it works, and you can read a complete report on the sample report page.
iam-sold - common questions.
Quick answers on coverage, turnaround and how Bidq fits alongside your solicitor.