Search, Bid, Win
Search properties, download legal documents and bid on properties
How it Works
The fast, certain and transparent way of buying property online
1. Browse and Register
Join over 80,000 investors in our property marketplace. Register for legal packs, viewings, and bidding. Opt-in for updates on our latest auctions. Don't miss out!
2. Verify your identity
Prior to bidding, complete a swift online identity check—a legal necessity. Results are instant and our team are on hand if you need any help.
3. Bid on your favourite properties
Provide payment details to bid, your card is charged only if you win. Read about our fees below. Bid the minimum or proxy bid for automatic bidding up to your max.
4. Exchange instantly, online.
In traditional auctions, exchange is immediate once the timer ends and the reserve is met. In conditional auctions, you enter an exclusive reservation period and commit to exchange within 20 working days.
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Frequently Asked Questions
You can access the legal pack for each individual property on each property listing page. You will need to be logged in in order to download and print the legal documents.
We recommend you use a solicitor or conveyancer to review the legal documents.
No! Any bids made in the last 5 minutes will reset the time to 5 minutes. This is to give all bidders a fair chance at placing another bid if they wish. Bid as early as you can so you don't miss out.
We also give you the ability to place an automatic proxy bid, which will bid on your behalf in the increments set by the agent, up to an including your highest bid. Where two automated proxy bids of the same amount are received, the automatic proxy bid that is placed first will take priority.
Congratulations! The process is slightly different depending on whether you are successful in a traditional online auction or conditional online auction:
TRADITIONAL ONLINE AUCTION
If you are the successful bidder we will charge you a buyer fee and a deposit contribution which is held in a secure client account as agent for the seller as a holding deposit (see below for further details on Fees). You should check the “Buyer Information - Fees” document contained as part of the legal documents for each property. You then have until 12pm UK time the next business day to:
- pay the remainder of 10% of the purchase price; and
- submit all signed sale documentation and any requested AML documents.
You should contact your solicitor immediately after winning the bid (we will also contact you and your solicitor).
If you do not carry out these steps before 12pm UK time the next business day, you may forfeit the entire amount of the holding deposit.
CONDITIONAL ONLINE AUCTION
If you are the successful bidder we will automatically charge you the Reservation Fee amount (using the payment details provided). Please check the “FEES” section for this figure. Where appropriate, the agent responsible for the sale of the property may collect the remainder of the fee should any amounts of the Reservation fee be outstanding.
You should check the Reservation Contract document contained as part of the legal documents for each property. A reservation agreement is produced at the end of the auction and the estate agent is authorised to sign this on behalf of both the successful buyer and the seller to evidence that an exclusivity agreement is in place between both parties.
You then have 20 working days to exchange on the property.
You should contact your solicitor immediately after winning the bid (we will also contact you and your solicitor).
If you do not exchange on or before the expiry of the 20 working day period, you may forfeit the entire amount of the reservation fee.
At Bamboo Auctions, we do not charge any fees to sellers. We will refer you to one of our partner agents who can advise you of any fees that may be charged by them as part of their service.
Buyer Fees are specified on the individual property listing and are charged immediately at the end of the auction period. Click the “Fees Apply” link which appears underneath the timer. You can also see all fee information in the pop up that appears after you click “Bid”. If you are unsure of any fees, please contact us before bidding.
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