Once your clear on your requirements, start searching for suitable properties which match your criteria. Under The Hammer work with the top estate agents across the UK giving you a large selection of properties being sold by Auction.
You can use Under The Hammer and the partner agents to find out as much information about the property as you can. However viewing the property is critical. To do this, contact the partner agent to arrange a suitable time to view the property or check the dates for open house / Block viewings. The agent details can be found on the property details page.
Before being able to place a bid, you must first register an account. You can do this either online or by visiting the partner agent in branch. To activate your account, you must first verify your email and register your details with your registered address. *tip
Once you have registered and your account is active you will be able to download and view the legal pack. This has been compiled by the seller's solicitor and generally contains copies of the Title Deeds, Special Conditions of Sale, Land Registry Search, Leases (if applicable) and other appropriate documents. These are available to download via the property details page on our website. It is important that you inspect the paperwork before placing a bid and view the terms of sale associated with the property. *tip
Before placing a bid on a property, you must first complete the AML check by confirming your details in the account area, just click the save button at the bottom of the page and the details will be submitted. The check is instant and once your Anti Money Laundering check is complete. If you want to bid on a property you can do so online or by visiting the partner agent’s branch. To bid, enter your bid amount, and ‘confirm’ to submit your bid in real time.
If you are the winning bidder, you will be required to pay the reservation fee immediately after the end of auction via debit card or instant bank transfer. Any successful bidder, at the end of the auction will enter into a reservation agreement with the seller and have 56 days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 56 day reservation period, the seller is not able to accept other offers. At this point, the sale will become legally binding.
Once the property is reserved, you will have 72 hours to instruct a solicitor to act on your behalf. Your sale will be dealt with by our sales progression team who will keep all parties up to date with progress of the sale. During this period we advise you act swiftly and liaise with your conveyancer to ensure deadlines for completion are met.
It’s the day the final funds are transferred and the day you get the keys to start moving into your new home. You can arrange to pick your new keys, directly from the sellers or you can pick them up from the partner estate agents on your way past with the removal van.