Online Bidding Guide
- Before the auction, visit the Next Auction page and click on the property page(s) you wish to bid on.
- On the property detail page, click on the “Bid Now” widget (the circle icon) located at the bottom right of the screen. If you’re using a desktop computer, a pop-up window will appear on the right side of the screen. If you’re using a mobile device, tap the ‘Bid Now’ circle at the bottom right to show the pop-up.
- Click on “Log in/register to bid” in the pop-up window.
- Log in if you already have an ‘Auction Passport’ account or register a new account.
- Follow the on-screen instructions to enter your details and create an account.
- Once your details are approved, you will receive an email requesting your bank card details approximately 72 hours before the auction starts.
- Enter your valid bank card information. A hold of £5,000 per lot will be authorized on your account. No funds will be deducted unless you have the winning bid that meets the reserve on the auction day. The £5,000 will contribute to the fees specified in the sale memorandum and the property’s deposit.
- Repeat the above steps for each property you want to bid on. A bidder security of £5,000 must be authorised for each individual property.
Properties Under The Hammer strongly advises interested parties to complete the registration as soon as possible.
Properties Under The Hammer does not accept any responsibility for late registrations.
Download Property Legal Packs
Log in to your Auction Passport account
- On the property page for which you want to download the legal pack, click on the “Bid Now” widget at the bottom right of the screen.
- Click on “Log In” and enter your ‘Auction Passport’ account details.
After logging in, return to the property page and open the “Bid Now” widget if it’s not already open.
Click on “Legals,” located on the second tab in the pop-up window.
Read through the terms and proceed if you agree to them.
The legal pack should be available for download. If the tab says “The legal documents are not available,” it means the seller’s solicitors have not finished preparing them yet. You will receive an email notification when the legal documents are ready for download.
Logging in to bid
(Log in via the property page you wish to bid on, as mentioned above)
Start bidding
- Upon successful log in, you can either make an instant bid or set a proxy bid amount.
- The window will display the current bid, time remaining, and whether the bid has reached the reserve price.
In recent years, traditional auctions have become a popular method for property purchases due to their numerous benefits. Whether you’re an experienced investor or new to the property scene, buying at auction offers:
Incredible value for money: The transparent bidding process ensures that the winning bidder doesn’t pay significantly more than the second highest bidder.
Fast, secure, and assured: Auctions typically take up to four weeks to complete, compared to months with estate agencies. Traditional auctions minimise delays, and the highest bidder enters a legally binding contract to purchase the property as soon as the hammer falls.
Wide variety of properties: Auctions offer a diverse range of properties with varying values. All property details are available in our bi-monthly auction catalogue or on our website for thorough assessment.
Flexible and convenient: Traditional auctions provide different bidding methods, including proxy, telephone.
Financing your winning bids: While most investors at auctions are cash buyers, there are situations where financing may be preferred. Finding lenders who can arrange finance within the payment deadlines of traditional auctions can be challenging. Properties with longer unbroken leases are generally easier to obtain financing for. At Properties Under The Hammer, we have established long standing relationships with several bridging lenders who specialise in offering competitive loans tailored to meet your auction financing needs.
The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2007
To comply with the Money Laundering Regulations, Properties Under The Hammer, as auctioneers and estate agents, are obligated to verify the identity of all vendors, purchasers, and individuals bidding for auction properties. We follow the same practices as banks, IFAs, and other professional service providers in seeking proof of
buyer’s identity.
For anyone attending our auctions with the intention to bid, it is mandatory to provide documentation that establishes both their identity and address. Without this
documentation, you will not be able to register and bid.
Acceptable forms of identification for individuals include:
Proof of Identity:
Current valid, signed, and original passport
Current valid and signed full UK/EU Photo Card Driving Licence*
Resident Permit issued by Home Office to EU Nationals
A valid identity card (Police warrant card, Prison officer, HM forces, government, or local authority issued)
A Firearms Licence
Proof of Address:
An original utility bill issued within the last three months (excluding mobile phone bills)
An original Local Authority tax bill for the current year
An original Bank, Building Society, or Credit Union statement within the last three months
An original mortgage statement from a UK lender for the most recent mortgage year
An original HMRC tax notification, self-assessment statement, or tax demand
*Note: These items may serve as evidence of either identity or address, but not both.
For private limited companies and partnerships, we require the following documentation:
a) The company registration number
b) Registered address
c) Evidence of the individual’s authority to act on behalf of the company (a letter of authority on company letterhead).
If you are bidding on behalf of someone else, we will need proof of identity and address for both the bidder and certified copies of the buyer’s identity and address. This will be requested at the auction.
Proof of ID and address documents must be certified by one of the following individuals or institutions, provided they are not a friend or relative of the person whose
documents are being certified:
Doctor
Chartered
Accountant
Post Office
Civil Servant
Minister of Religion
Solicitor or Notary
Teacher or Lecturer