If you’re planning to bid, here is your essential roadmap: 1. Secure an Agreement in Principle (AIP)
The short answer is , but it’s a high-speed race against the clock. Unlike a traditional sale, the hammer falling at an auction is a legally binding contract. You typically have only 28 days to provide the full balance. buying at auction with mortgage
Do not step into the auction room without an AIP. Because of the tight 28-day completion window, you need to know exactly what a lender is willing to give you before you raise your hand. 2. Consult a "Lending-Specific" Solicitor If you’re planning to bid, here is your