Verify your identity
Before bidding on your favourite properties, you will need to complete a quick identity check, as required by law. So you can bid on every property on our marketplace.
Place bids on the properties you like
Simply enter the amount you would like to bid, and click bid! You are required to input payment details before bidding. Find out more information about fees below.
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.
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.
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, you can. However, to prevent 'auction-sniping', we implement a time extension if any bids are placed are placed too close to the end of the auction, so every bidder has a fair chance of winning the property auction.
If a bid is placed in the final 5 minutes of the auction, the auction timer always will reset to '5 minutes to go'.
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.
If you have any further questions, more information is provided in our Buyer Guide.
Who we work with
Here are some of our auction house partners, covering England and Wales.