This property is for sale by the Modern Method of Auction. Should you view, offeror bid on the property, your information will be shared with the
Auctioneer, iamsold Limited
This method of auction requires both parties to complete the transaction within56 days of the draft contract for sale being received by the buyers solicitor (forstandard Grade 1 properties). This additional time allows buyers to proceed withmortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of anon-refundable Reservation Fee. This being 4.2% of the purchase price includingVAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is
paid in addition to purchase price and will be considered as part of the chargeableconsideration for the property in the calculation for stamp duty liability. Buyers willbe required to go through an identification verification process with iamsold andprovide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documentsmay not tell you everything you need to know about the property, so you are required to complete your own due diligencebefore bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within thispack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has beenprovided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject tochange.