Buying at an Allsop Auction

All our auctions are currently being conducted online. If you wish to bid you will need to click the ‘Apply to Bid’ which can be found on the lot page.

Full information is available via the Online Bidding Guide

Allsop is the market leader in commercial and residential property auctions in the UK. We sell over 2,000 properties each year throughout the UK. We hope to provide the greatest opportunity of finding the right property for you.

What information do I need before the auction?

View the property - Viewing details are found using the link displayed on the lot page. You should always inspect the property before bidding. There may be viewing restrictions due to the current social distancing requirements.

Survey - If you decide to have a survey we will try to arrange access for this purpose however please note this cannot be guaranteed due to the current social distancing requirements.

Legal Documents – Please always download and carefully read the legal documents relating to the lot. These are found using the link displayed on the lot page. Please remember that you purchase subject to all legal documentation and the terms of the sale whether you have read them or not. Allsop cannot advise on the contents of legal documentation. Please always seek qualified legal advice.

Addendum – Occasionally changes need to be made to the lot information. Before bidding it is essential to check these as they form part of the auction contract. Please click on ‘View Addendum’ on the lot page. If you have added a lot to your ‘watchlist’ you will automatically be notified of any addenda. Changes can be made up to the day of the auction.

The small print you should read - All lots (unless otherwise stated) are sold subject to the Online Auctioneer terms, the RICS Common Auction Conditions of Sale (Part), Form of Purchase agreement and any Special Conditions of Sale or Articles of Roup (Scottish properties). We strongly advise prospective bidders to read all our Conditions and Notices. Please note that some Special Conditions of Sale detail the seller's extra costs payable in addition to the purchase price.

Bidder Security, Deposit & Buyers Fee – When you apply to bid you are required to transfer a Bidder Security payment to the Allsop LLP Client Account. Please note all money held by Allsop on behalf of bidders is protected through the RICS client money protection scheme. This must be received no later than one working day before the auction. If you subsequently purchase a property you are required to ‘top up’ this payment and transfer the balance of the 10% deposit to the Allsop LLP Client Account. The Allsop Buyer's Fee is deducted from the bidder security payment if you are the purchaser.

Arrange Finance/Mortgage - If you need to raise finance or arrange a mortgage it is important that you obtain an offer from your lender in principle before the auction day. Most banks and building societies will wish to instruct a surveyor before making a mortgage offer. You will typically need to complete your auction purchase within 20 working days of the auction. You should discuss this with your lender to ensure this will not be a problem. Please note that completion periods do vary and you are advised to refer to the Special Conditions of Sale for confirmation.

Purchasing lots prior to auction - In some instances a seller may consider offers prior to auction. If applicable, offers must be submitted in writing via email to the Allsop Contact displayed on the lot page. If your offer is accepted you must pay the 10% deposit and exchange contracts immediately. The easiest way to register your interest on any lot is by downloading the legal documentation.

Check availability - We strongly advise you to check the website or call us the day before the auction to make sure that the lot in which you are interested in is still available.

How much is the Allsop buyer's fee?

There is no fee payable to bid online. However, if you are successful in bidding, the Allsop buyer’s fee will apply. This fee applies to each lot purchased in the auction. The buyers’ fees are as follows:

Commercial Auctions

• All Lots - £1,000 including VAT

Residential Auctions

• Lots sold for £10,000 or more: £1,500 including VAT

• Lots sold for less than £10,000: £300 including VAT