How to Buy Property at Auction in the UK (Without Getting Burned)

Buying property at auction can be thrilling — but it’s not for the faint-hearted. One wrong move, and you could inherit structural damage, legal nightmares, or spiralling costs. This guide walks you through the auction process step by step so you can bid smart and safe in 2025.

How Property Auctions Work in the UK

Property auctions typically sell homes as-is, often within 28 days. Once the hammer falls, you’re legally committed. You’ll usually pay a 10% deposit immediately, and complete within 4 weeks — so preparation is critical.

Step 1: Research the Catalogue Thoroughly

Look for guide prices, lot numbers, and location maps
Research the property value on Rightmove, Zoopla, and Land Registry
Visit in person or virtually before even considering a bid

Step 2: Examine the Legal Pack (In Detail)

Each auction property comes with a legal pack — title documents, searches, lease details (if leasehold), and special conditions. Don’t rely on your own judgment. Get a solicitor to review this before bidding.

Step 3: Arrange Finance in Advance

Mortgage lending on auction properties can be tricky — especially if they’re non-standard, require work, or lack a kitchen/bathroom. You’ll need a mortgage in principle or cash funds ready to complete in 28 days.

Step 4: Set a Firm Max Bid — and Stick to It

Auctions move fast, and it’s easy to get caught in a bidding war. Set a realistic maximum price (factoring in repair costs and fees) and don’t let adrenaline take over.

Step 5: Understand All the Fees

Buyer’s premium (2–5% or flat fee added on top)
Auction admin fees and disbursements (check small print)
Stamp duty, legal fees, surveys and insurance

How Property Krowd Helps Auction Buyers

We connect you to trusted auction-savvy legal partners, offer a free auction checklist tool, and let buyers share insights or red flags with others using The Krowd. No guesswork. Just smart, supported buying.

Auction Deals Can Be Gold — Or Trouble

Buying property at auction is not just about price — it’s about doing your homework. Property Krowd helps you avoid expensive surprises and make confident, informed decisions.