HB 121 Solicitors

Purchasing a property at auction can be daunting; however it can be a great way to get on to the property ladder. When purchasing a property at auction, especially as a first time buyer, talking to us at an early stage can help and guide you through this process to avoid mistakes that could be costly. We can only give general advice before the Legal Pack is available. Finding an auction When finding an auction house you should decide on the area you are interested in. After contacting auction houses in that area you can ask for a catalogue and subscribe to their mailing list. Catalogues are normally published a few weeks before the auction date. Preparing for auction Once you have found a potential property to purchase you can contact the auctioneers to book viewings A few things you can do while researching an auction property are: Take a surveyor, builder, or architect with you  to any viewings to conduct a thorough inspection. Consider a survey Don’t rely on the guide price ...

The House price increase seems to be ever continuing. Almost every article in the press, or on television, seems to confirm that house prices are still continuing. I can recollect only one that indicated things are slipping back a little. Personally, I would like to see a slow but steady rise which is sustainable rather than a dramatic upward surge which bubble then bursts. You also have to think about the young end of the market who are being pushed off the home buying ladder – if indeed they ever can get on it. If there is no “new blood” coming into the market it will inevitably stall higher up the ladder eventually. A new report by the Resolution Foundation found that the current house prices boom was not caused by the stamp duty holiday but prices will keep rising by home preferences changing and pandemic related factors such as low interest rates (though it could well be argued that we have had historically low interest rates for some time – some of us remember the eye watering ...