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.
What is the bidder security and how do I pay it?
A bidder security payment authorisation is required for each lot you wish to bid for. This is detailed on the payments page when you register and an amount will be held on your debit card via our secure online payment method.
The amount required is as follows:
- Commercial Auctions -£10,000 per lot and inclusive of the Allsop buyer’s fee*
- Residential Auctions - per lot and inclusive of the Allsop buyer’s fee*
- Guide price: £1 - £49,999 - bidder security payable = £2,000per lot
- Guide price: £50,000 - £149,999 - bidder security payable = £5,000 per lot
- Guide price: £150,000 and above - bidder security payable = £10,000 per lot
* For details of the Allsop buyer’s fee see How to Buy Property at Auction
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