We advertise all auction lots for sale on the leading property portals and in the auction section of our website. The lots are marketed for minimum of 4 weeks followed by a 24 hour online bidding window. Please ensure you are aware of the dates for the individual lots as they may all vary.
We recommend that you download all legal documents to ensure that you are satisfied with its contents before committing to bidding on a lot. This is at the discretion of prospective buyers and Bramleys hold no liability for buyers omitting to read the legal pack. The legal documents can be found on the ‘auction widget’ which pops up on the individual auction lot, you must be logged in/registered to view these.
You must register yourself via our website on the auction passport portal to bid on our lots and complete all ID and financial checks to be eligible to bid. Please note, Bramleys cannot create an account for you.
For those who wish to bid, a Bidder Security of £10,000 or 10% of the guide price (whichever is higher) will need to be provided to Bramleys by the bidder and this money will be held by Bramleys until the end of the auction sale. The successful bidder’s security amount will be used as payment of the sales deposit and passed to the sellers solicitors. (Please ensure your account is authorised to spend this amount in one transaction through your bank/building society), however if the price goes above £100,000 then Bramleys will require an additional amount at the end of the auction from the successful bidder to provide a full 10% deposit to the sellers solicitors. However, for those unsuccessful, please note that payments made to Bramleys via bank transfer will be returned within 48 hours of an unsuccessful bid. Card payments can however take between 5 and 7 working days. Therefore, if you intend to bid in multiple auctions, we advise using bank transfer in case you are unsuccessful in one of our online auctions. Once registered, your auction ‘passport’ is valid for 3 months, meaning you can bid on other lots without having to re-register in this time period. After 3 months, you will need to reupload your ID.
Once the 24 hour bidding window is open, log in to your account to place your bid on the auction widget. You can bid in the increments set by the system or set a proxy bid. If a bid is placed in the final 30 seconds, an additional 30 seconds will be added to the total time to give all bidders a chance to increase if desired.
Bramleys will automatically take the holding fee from the successful bidder and an invoice will be raised by Bramleys for the buyers premium together with the auction contract which needs to be signed and returned within 24 hours. Contracts will automatically exchange at the end of the online auction and completion must take place within 20 working days. Any delays in completion could incur financial penalties, we would therefore advise all prospective buyers to ensure their solicitors can complete within the specified timescales.
The sellers solicitors information is logged on each auction lot, we would advise successful bidders to choose an alternative solicitors firm to avoid conflicts of interest.
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