3-bed terrace needing modernisation
23 Carnoustie, Bracknell RG12 8ZWFreehold, all services disconnected. A straightforward refurb-and-refinance candidate.
1 lot in Berkshire this week, picked from the catalogues of the auction houses selling in the county. Reading, Slough, Bracknell, Maidenhead, Windsor and Newbury.
Freehold, all services disconnected. A straightforward refurb-and-refinance candidate.
When the hammer falls you exchange contracts on the spot, pay a 10% deposit, and usually have 28 days to complete. That is too tight for most mortgages, and lots that need work, have no kitchen, or carry a planning angle often are not mortgageable at all. That is why experienced auction buyers arrange auction bridging finance before they bid, not after.
Agreeing terms in principle before the sale means you walk in knowing your ceiling, you can bid with confidence against cash buyers, and you do not risk losing your deposit because a lender went quiet in week three. It costs nothing to get indicative terms and there is no credit search at that stage.
Updated every Monday. Lot details are summarised from the auctioneers' published catalogues; always read the legal pack.