Buying at Auction FAQs and Guide
We know that there is a lot of information and things to remember when it comes to buying at auction. To help, we’ve answered some of our most frequently asked questions below. If you have any other questions please contact us.
Can I change my mind after making a successful bid?
No, if you’re the successful bidder then you’re legally bound to purchase and pay a 10% deposit once the bidding concludes and the virtual gavel has fallen. If you cannot complete the purchase, then you risk losing your deposit and are liable for all losses.
News and Blogs
News
03/09/26
Allsop releases September residential auction catalogue with 275 lots on offer
The auction will be held over two days, with 18 lots guided at £1 million or more
Blog
19/08/26
Why Work with a Broker When Financing Auction Property?
The speed that makes auction so attractive is also what makes finance preparation non-negotiable. Once the hammer falls, a bu...
News
06/08/26
From Graduate to £1.5bn: Alex Neil on 25 Years in the property industry
In this instalment of BE News “My BE Career” series, Alex reflects on the winding road that brought him to Allsop, and the va...
News
04/08/26
Allsop raises £40 million in August residential auction
Achieved a success rate of 84%