Figures from the Office of the Public Guardian, the government body responsible for registering lasting powers of attorney, reveal that the number of applications dropped by 25 per cent over the last year. In 2020/21, just 691,746 were made, compared with 917,550 in 2019/20. A Lasting Power of Attorney (LPA) is a document by which
Buying and Selling at Auction
Buying property at auction can be an exciting experience and is often a great way to get a good deal. However, it can also be a step into the unknown – particularly if it is your first time. By talking to a legal expert before buying or selling at auction you can approach the process with confidence and avoid costly mistakes.
Selling property at auction can be a great way of achieving a quick sale and inviting some competition in the bidding to help secure the best price possible. It is important that prospective bidders can obtain a comprehensive legal pack in good time before the auction. At Farnfields, we start work on the legal pack the moment you instruct us, making sure that we have information on the title to your property, a Property Information Form, Fixtures and Contents Form, and a search pack. We can also help answer any questions that prospective bidders might have before the auction. If the auction is local, we will always try to be there too.
Farnfields Solicitors can advise you on all the important aspects to consider before bidding at auction, helping to ensure that any property you do bid on has a good and marketable title. We will take care of all the legal practicalities of the purchase – from looking through the auction legal pack to check the title to the property and search results, to completing your purchase if you are the successful bidder. Our friendly and knowledgeable property auction lawyers will give you all the guidance you need to be able to enter the purchase with confidence.
If you’re looking for further reading, PropertyMark have comprehensive guide to buying at auction.
Enter your details below for the latest news and legal updates.