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
Allsop raises £38.5 million at first commercial property auction of 2025
Allsop, the leading property consultancy and the UK’s largest property auction house, raised £38.5 million at its first comme...
Allsop releases 250-lot catalogue for February residential auction
Allsop, a leading property consultancy and the UK’s largest property auction house, has released the catalogue for its Februa...
Allsop raises £32 million at first residential auction of 2025
Allsop, the leading property consultancy and the UK’s largest property auction house, raised £32 million at its first residen...
Why £1m+ lots are increasingly sold at auction
The commercial real estate (CRE) market is undergoing significant transformation, with online commercial property auctions em...