Terry Gorry & Co. Solicitors

Tag: property auction

  • Can you buy a house at auction with a mortgage?

    “Can you buy a house at auction with a mortgage” is a question I am asked from time to time. The short answer is ‘yes’. The long answer, however, is more nuanced and requires some explanation. There is nothing in principle why a lender would not provide a mortgage for a property at auction. It…

  • The nightmare auction purchase mistake-avoid this blunder

    Want to pick up a bargain at an online property auction? Avoid this mistake. A commenter on my YouTube channel recently expressed shock at the position he finds himself in. He had bought a property at auction and he has now discovered that he will not be getting vacant possession of the property as there…

  • Buying property at auction-a review of a typical auction contract

    Were you ever tempted to buy a property at auction?  It can be a risky business if you fail to do your research in advance. Because when the hammer-real or digital-falls and the property is knocked down to you you must sign the contract and pay the deposit. And there is no backing out. I…