Saving Money At Property Auction

Homebuyers could save as much as £160k by heading to auction. The latest research by property finance specialists, Apex Bridging, reveals that homebuyers could save themselves on average -29% on their property purchase when choosing to buy at auction instead of the open market on similar properties. Apex Bridging analysed market data* on […]

Sellers Turning To Property Auctions

Property auction sales have risen by 11.3% as sellers come face to face with cooling housing market. Research from digital property pack provider Moverly, reveals that there has been an 11.3% increase in the number of home sellers turning to the auction room to combat cooling housing market conditions. Moverly analysed […]

Bridging Loans For Buying Property At Auction

Buying a property at auction involves paying a 10% deposit on the day and signing a contract to say the remaining 90% will be paid within 28 days. Often, buyers do not have the required amount of money to buy a property outright, and they must consider finance options such […]

“eBay for property” launches to help estate agents with sales and rental listings

A new online property service is launching that enables estate agents to add an auction element to both sales and lettings. LetsBid Property assists estate agents by enabling them to upload their listings to the website where registered buyers and renters can bid for property they’re interested in. “The whole […]

Finding the best property under the hammer

Over the past few years aspiring investors have taken to the auction houses in search of a bargain. But although there’s no doubt that amongst the lots on offer there’s certainly a great deal or two to be had, not every property that goes under the hammer will be right […]

Britain’s Ghost Houses

Many property auction newcomers wonder where the stocks of houses that fall under the hammer come from. The reasons they appear are many and various: bank repossessions, council and public sector disposals, private sector surpluses, company cashraising purposes, divorce settlements, unmortgagable properties that would stick in an estate agent’s window, […]