iam-sold is the UK’s largest modern-method-of-auction platform, operating through partnerships with high-street estate agents nationwide. Auctions run continuously online with rolling end dates rather than monthly cycles. Lots are predominantly residential, with the modern-method timing and reservation-fee structure throughout. Buyers need to understand the reservation-fee risk, the 56-day completion window, and mortgage implications before committing to bid.
iam-sold packs combine estate-agent-supplied marketing material with the modern-method reservation contract and standard residential conveyancing pack. The reservation fee is typically £6,000 + VAT or 4.5% + VAT of the purchase price, whichever is greater. Key scrutiny areas are the reservation contract terms (particularly non-refundability), the 56-day exchange-and-completion timeline, and lender mortgageability of the lot under modern-method terms. Pack depth varies by partner agent.
Every Bidq report follows the same framework. This is an anonymised example representative of the issues that commonly arise in iam-sold packs.
Register and plan analysis. Charges, restrictions, easements, third-party interests.
Every clause read in full. Indemnities, retentions, vacant possession, buyer’s-costs clauses.
Local authority, drainage and water, environmental. What’s present, what’s missing, what it means.
A defensible R/A/G position with a recommended ceiling — for the bid you’re actually planning.
Three tiers. The same diligence framework and the same solicitor team across all of them. Choose the turnaround that fits the iam-sold sale you're bidding into.
A full pre-acquisition legal review — auction pack, seller pack or off-market documents. Title, contract, leases, searches, planning — distilled into a structured risk report.
Same depth as the Standard Report, prioritised through our solicitor team for investors working against a lot date, exchange deadline or off-market timeline.
For acquisitions where the deal merits a deeper review — typically transactions above £2.5M, properties with five or more occupational leases, mixed-use or commercial elements, multi-title or development-track sites, or portfolio purchases.
A deeper, longer-form review for material acquisitions. Senior reviewing solicitor with commercial property experience. No page or document-count limit.
Upload the iam-sold pack or paste the download link from their portal.
Tell us your strategy, hold period, funding route and any specific concerns.
A property solicitor works the documents against our diligence framework.
You receive a structured report with recommended actions and a defensible ceiling.
Quick answers on coverage, turnaround and how Bidq fits alongside your solicitor.
