This is untrue. Many of the properties offered at auction are mortgageable and could be moved into without difficulty. However, there will be others that may have issues or require works and will not be suitable for mortgage lending. We always endeavour to describe properties accurately; we also make available legal packs in advance of auction day with any late changes being communicated via Addendum/Amendment sheet.
All buyers are advised to complete all necessary due diligence prior to bidding – if a property’s condition is a worry, then consider having a survey or inspection and obtain appropriate reports. This is important as it will help you to make an informed decision before bidding begins. Also consider appointing a solicitor as early in the process as possible – they will need to review the legal pack for any property that you are interested in and check other information such as searches, planning permissions etc.
