Auctions

Property Auction Due Diligence: How to Review a Legal Pack Before Bidding

Property auctions are one of the fastest-moving acquisition environments in the UK market. From the moment the legal pack is published to the moment the hammer falls, buyers are often working to a timeline of days rather than weeks - and once the hammer falls, the buyer is legally committed. Unlike a private treaty transaction where exchange can be deferred while investigations continue, an auction purchase binds the buyer immediately to the terms of the legal pack.