Auction Pack reviews
Fast Delivery
Qualified solicitors
flag any risks
Fixed
Fees
If you are looking into buying a property at auction you are probably familiar with the perks already. It is important that you are aware, too, of the risks, as you are contractually bound to complete the purchase if you win the bid, unlike standard conveyancing.
Before the auction itself the auction house will provide a legal pack for the property. Unfortunately these can often be insufficient, especially when the sale is due to repossession as the seller didn't own or live in the property.
Running out of time when buying a house at auction?
Our qualified solicitors can review your auction pack and send a report with their findings within 2 days, for a fixed fee of £299 INC VAT for a freehold or £480 INC VAT for a leasehold. The service includes:
- Review the available paperwork
- Interpret the title
- Flag the missing documents & insufficient information
- Provide a written report highlighting the risks involved with the property.
Report offered within 2 days from the booking review date, not from when you complete your instruction form.* | Report offered within 5 days |
What is included in auction legal pack review?
Your pack should contain:
- The Contract of Sale
- The Title Plan - the boundary of the property
- Official copy of the register of title - also known as the title deeds
- Conveyancing Searches - normally the local authority, drainage and environmental search
- Protocol Forms - TA6 Property Information Form, TA10 Fittings and Contents Form and (if leasehold) TA7 Leasehold Information Form
- Leasehold Information Pack (If Leasehold) - also known as the Management Information Pack. It contains information about the ground rent, service charge and major works.
We can carry out an auction legal pack review to report any missing information and issues in the existing documents, before you tie yourself into a purchase.
We can also help you order searches on the property you're interested in, should the auction pack not cover everything you need.
Are you looking for an Auction Legal Pack Review for a property that will be jointly owned?
Whenever investing in a property with any other party, you should consider getting a Floating Deed of Trust to protect your interest in the property and to factor for future investments into it.
Qualified Solicitors | Competitive Quotes | Straight Talking Legal Support
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