Buy UK investment properties online

Browse our properties, arrange viewings, view legal documents and bid online

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Browse and register

Join over 6,000 property investors and discover a new way to buy properties. Register here for access to legal packs, to book a property viewing and bid. Remember to opt-in for email updates to be informed about our latest property auctions. You don’t want to miss a thing!

2

Verify your identity

Before bidding on a property, you will need to complete a quick identity check(this is a legal requirement). Checks are carried out online and you will receive the results immediately.

*Please contact one of the team if you are not able to pass the online identity check.

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Place bids on properties you like

Simply enter the amount you would like to bid, and click bid! You are required to input payment details before bidding. Your card will be charged if you are the winning buyer at the end of the auction. Find out more information about fees below.

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Exchange immediately, online

Our traditional auctions operate with an immediate exchange. This means that when the auction timer reaches zero, and the reserve price is met, exchange occurs online.

For our conditional auction, you will enter into an exclusive reservation period with view to exchange in 20 working days.

Frequently asked questions

What types of properties can I buy?

You will find all sorts of property on Bamboo Auctions. Predominantly, you can buy residential, commercial and mixed use properties, and you can also bid on land and ground rents. We’ve even had a loch and a houseboat listed for sale on our site.

Where can I view the legal pack?

You can view the legal pack for each individual property on the property auction page. You will need to be logged in in order to download and print the legal documents.

We recommend you use a solicitor or conveyancer to review the legal documents, but that is entirely your decision.

What are the fees?

TRADITIONAL ONLINE AUCTION

For properties where the opening bid is less than £40,000:
A fee of £1,200 (incl VAT) is payable immediately at the end of the auction period. This amount will be taken from the £5,000 that is paid at the end of the auction. Therefore, you will be required to pay the purchase price less £3,800 to the Seller.

For properties where the opening bid is £40,000 or above:
A fee of £2,400 (incl VAT) is payable immediately at the end of the auction period. This amount will be taken from the £5,000 that is paid at the end of the auction. Therefore, you will be required to pay the purchase price less £2,600 to the Seller.

CONDITIONAL ONLINE AUCTION

A fee of £6,000 (incl VAT) is charged immediately at the end of the auction period and any outstanding amounts of the reservation fee is payable immediately after the end of auction.

Can I wait until the last second to place my bid?

Yes. Properties for sale by auction are allowed to have a reserve price, the minimum price that a property can sell for. If bids do not reach the value of your reserve price, your property will not be sold. The reserve price does not have to be made public by the auctioneer. However, the reserve price must be no more than 10% higher than the property’s guide price (the price at which the property is marketed).

Can I arrange auction finance on properties?

Yes. We have teamed up with specialist lender Together Finance to offer its short-term auction finance for all lots listed on our site, at the click of a button on the property page. This exclusive deal means that you can apply for auction finance on any property you like on our site, allowing every buyer the chance to buy UK investment property and open up the auction and housing market to more buyers. To find out more information, visit Together’s website.

I’ve won the auction. What’s next?

Firstly, congratulations! Secondly the process is slightly different depending on whether you are successful in a traditional online auction or conditional online auction:

Traditional Online Auction

We will contact you if you are the successful bidder and will charge you £5,000, of which, at least £2,600 is held in a secure client account as agent for the seller as a holding deposit (see below for further details on Fees). You should check the “Buyer Information - Fees” document contained as part of the legal documents for each property. You then have 5 business days to:

  • pay the remainder of 10% of the purchase price; and
  • submit all signed sale documentation.

You should contact your solicitor immediately after winning the bid (we will also contact you and your solicitor).

If you do not carry out these steps within the 5 business days, you may forfeit the entire amount of the £5,000 holding deposit.

Conditional Online Auction

We will contact you if you are the successful bidder and will automatically charge you a fee of £6,000 (incl. VAT) (using the payment details provided). Where applicable, you may be required to pay any outstanding amounts of the reservation fee immediately at the end of the auction, if your bid is successful. You should check the Reservation Contract document contained as part of the legal documents for each property. A reservation agreement is produced at the end of the auction and the auctioneer is authorised to sign this on behalf of both the successful buyer and the seller to evidence that an exclusivity agreement is in place between both parties. You then have 20 working days to exchange on the property.

You should contact your solicitor immediately after winning the bid (we will also contact you and your solicitor).

If you do not exchange on or before the expiry of the 20 working day period, you will forfeit the entirety of the £6,000 and will still be liable for the full amount of the reservation fee. If due to the actions of the seller, exchange does not occur on or before the expiry of the 20 working day period, then your £6,000 fee is fully refundable.

Who we work with

Clive Emson
Fisher German
Halls
Hunters
Lime Auction House
Loveitts
Nesbits
Phillip Arnold Auctions
Regional Property Auctioneers
Samuel Wood
Shonki Bros
Williams & Goodwin