We advertise all auction lots for sale on the leading property portals and in the auction section of our website. The lots are marketed for minimum of 4 weeks followed by a 24 hour online bidding window. Please ensure you are aware of the dates for the individual lots as they may all vary.
We recommend that you download all legal documents to ensure that you are satisfied with its contents before committing to bidding on a lot. This is at the discretion of prospective buyers and Bramleys hold no liability for buyers omitting to read the legal pack. The legal documents can be found on the ‘auction widget’ which pops up on the individual auction lot, you must be logged in/registered to view these.
You must register yourself via our website on the auction passport portal to bid on our lots and complete all ID and financial checks to be eligible to bid. Please note, Bramleys cannot create an account for you.
For those who wish to bid, card details will need to be provided in order for the company Stripe to put a £5,000 hold on a bidders account (your account must have over £5,000 available). In the event of being the successful bidder the £5,000 will automatically be taken and passed to the sellers solicitors (if unsuccessful this will be released, however depending on the individual card provider it may take 1-2 days). Once registered, your auction ‘passport’ is valid for 3 months, meaning you can bid on other lots without having to re-register in this time period – after 3 months, you will need to refresh the ID which has previously been uploaded to the system.
Once the 24 hour bidding window is open, log in to your account to place your bid on the auction widget. You can bid in the increments set by the system or set a proxy bid. If a bid is placed in the final 30 seconds, an additional 30 seconds will be added to the total time to give all bidders a chance to increase if desired.
Stripe will automatically take the £5,000 holding fee from the successful bidder and an invoice will be raised by Bramleys for the buyers premium together with the auction contract which needs to be signed and returned within 24 hours. Contracts will automatically exchange at the end of the online auction and completion must take place within 20 working days. Any delays in completion could incur financial penalties, we would therefore advise all prospective buyers to ensure their solicitors can complete within the specified timescales.
The sellers solicitors information is logged on each auction lot, we would advise successful bidders to choose an alternative solicitors firm to avoid conflicts of interest.
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