Buyer's Guide - Introduction

Important Notice

A prudent buyer will, before bidding for a lot at an auction:

• Take professional advice from a conveyancer and, in appropriate cases, a chartered surveyor and an accountant;
• Read the conditions;
• Inspect the lot;
• Inspect legal pack and make usual enquiries;
• Check the content of all available leases and other documents relating to the lot;
• Check that what is said about the lot in the catalogue is accurate;
• Have finance available for the deposit and purchase price;
• Check VAT position of Vendor;

Please note the following two conditions apply to any successful bidder.

1. TERMS- The successful purchaser will be required to sign the contract on the night of the auction and to pay a deposit of not less than 10% directly to the vendors solicitor. The balance of the purchasers monies will be payable within 28 days.
2. AUCTIONEERS ADMINISTRATION CHARGE- A fee of £200+VAT will be charged for each LOT purchased. This will be payable by the successful bidder to the vendors solicitor with the cheque made payable to Charnock Bates.