Fast-Track Success for an Auction Property Purchase

Background

Buying a property at auction comes with unique challenges — stringent deadlines, binding commitments, and the need for rapid decision-making. Our client wanted to bid confidently, knowing the legal position upfront, while also ensuring a seamless and penalty-free completion within the tight post-auction timeframe.

Approach

Before the auction, we conducted a thorough review of the auction pack, highlighting key legal considerations so the client could make an informed decision before placing a bid. Once successful, we worked swiftly to meet the strict contractual deadlines — ordering and reviewing searches, verifying the source of funds, and ensuring compliance with the auction’s terms and conditions. By prioritising the file and drawing on our expertise, we provided clear, decisive advice to keep the transaction on track.

Outcome

The client successfully completed the purchase in under three weeks, avoiding any risk of penalties. Just as important, they were able to bid with complete confidence, knowing they had expert legal insight from the outset.