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  • Auction Tribe

    Auction Property - Legal pack

    Hi all,

    I'm looking at a freehold property at auction and I am looking through the legal pack.

    What should I be looking for in a legal pack? All property I've brought in the past have not been at auction so the solicitor looks through this normally.

    Any tips/advice would be helpful.

    Thanks

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    You would be very well advised to have a specialist property solicitor undertake an overview of the legal pack for you.

    We have a video on this topic with Property Tribes legal partner, Anthony Gold Solicitors:



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    Hi Landlord 123, It is so easy to make a mistake on auction packs as a majority of property at auction has an issue hence being sold through that method. It is good practice to send it to a solicitor that will have a read through and charge you a nominal amount based on getting the work if you are successful. You are mainly looking through to establish if the house has good title, title absolute (if freehold) but the process includes many aspects, some could be easy to miss such as rights of access, easements etc. It is also very good practice to have the house surveyed before bidding, at least a condition report to flag any serious issues you may miss. Hope this helps.

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