Peter Lodge B.Eng C.Eng M.I.Struct.E
Prompt Personal Service

Auction Advice  

If you are buying from an auction as a cash purchaser or requiring a mortgage for the purpose you could be at risk if the property contains structural problems. 

This is one reason why a property could be offered at an auction.

If a mortgage is required a valuation survey will be carried out and if structural issues are found the mortgagee will request a structural survey.

If structural defects are identified - these may prevent a mortgage being granted.

Be prepared and have a piece of mind survey prior to the auction.

If you fail to meet with the auction requirements and cannot complete you could lose up 10% of your purchase price.

Be informed before you bid - its a sound investment

A piece of mind survey is cheap compared to the end financial outlay and can be carried out with you accompanying on the survey - so you have advice on hand from an expert.

Please contact us for more information.