Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
Underneath this, you will be prompted to Log in to view the legal documents. There will be a sub-heading Legal Documents. To view the legal pack, first search for the property on SDL Property Auctions website and click onto the property to view the property details. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate. This is the collection of legal documents that apply to the sale. £1,000 for Deposit shortfall (£8500 due as 5% of actual purchase price)īefore bidding, you must view the legal pack for the property. £960 for Buyers Fee shortfall (£8160 due as 4.8% of actual purchase price) At this point your bid is successful you will be charged as follows:īuyers Fee of £7,200- 4.8% of guide priceĪs the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment: Payment by cash or cheque will not be accepted.Įxample: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000.
Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Buyers Fee & Deposit. When you register to bid, you will be prompted to provide your payment details to SDL Property Auctions. The deposit contributes towards the purchase price. On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The Buyers Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. The Buyers Fee is subject always to a minimum of £6,000 (including VAT). (b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000 (a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000 This is calculated as a percentage of the actual purchase price of the property. You must complete the sale within 15 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.īuyers Fee- payable on exchange of contracts. You must then pay the applicable fees and deposit. If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. When you place your bid, you are deemed to have agreed to SDL Property Auctions Buyers Terms (England & Wales) which are available on SDL Property Auctions website.Īuction type- Unconditional with Variable Fee
BUMBLE LANE REGISTRATION
If you do not provide this information, your registration will not be processed. You must also provide your payment details. You are required to undertake identity checks before you can be authorised to bid. The time remaining to bid and end date of the auction is displayed on the page. Then click onto the property to view the property details. To view this, search for the property on their website.
The timeslot for the auction is displayed on SDL Property Auctions website. This is a Timed Auction, so there are no other lots being sold alongside this property. The auction for this property will be conducted online through our online-bidding platform. Contact agents to view.įor sale by Unconditional Online Auction. Ample space for further development (subject to planning permission). Driveway to garage, large surrounding gardens and workshop. Offers front porch, entrance hall, lounge and dining kitchen. Benefits from economy 7 heating and UPVC SUDG. Sought after rural location within easy reach of Sharnford village centre, including a shop/ post office, school, public houses, MOT garage and good access to major road links. Traditional detached bungalow on a large plot of approximately 1 acre with surrounding open countryside. AUCTION! For sale by Unconditional Online Auction.
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