Fees & Charges – 56-Day Auction (Conditional)

The Waiting Room, Falstone, Hexham, NE48 1AB

This property is sold subject to payment of a non-refundable reservation fee of 2%% + VAT of the purchase price at the fall of the virtual hammer (conclusion of the auction) – subject to a minimum of £2000 + VAT.

There is also a processing fee of £125 + VAT, also due at the fall of the virtual hammer.

The reservation and processing fees must be paid by the buyer to secure the sale within 2 hours following the conclusion of the auction. This must be paid by cleared funds to Property Solvers Limited who will issue an acknowledgement of reservation and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.

The non-refundable reservation fee is an additional sum owed on the purchase price which should be taken into account when bidding.

This property is being sold under Property Solvers' Conditional Auction terms. Any successful buyer must endeavour to exchange contracts within 28 days. At the point of exchange (unless otherwise agreed), a 10% deposit will be payable into the buyer’s conveyancer’s client account. Following exchange of contracts, the buyer has a further 4 weeks (28 days) to complete on the sale. Failing to do so means that the buyer will lose the deposit paid to Property Solvers and, potentially, the 10% deposit paid into the conveyancer's client account in addition to abortive legal costs.

Legal Pack

The buyer will not be charged any costs for the preparation of the legal pack.

Buyer Fees

There are no other fees or charges payable to Property Solvers. Please consider the following additional transaction-related costs:

  • A licenced conveyancer / conveyancing solicitor to represent you throught the transaction. Fees can vary depending on the complexity of the sale. Property Solvers can recommend the services of one of our panel conveyancers who are well-versed in the auction sale process and very reasonably priced. Please contact us via the details below;
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

More Information

Property Solvers Auctions are more than happy to answer any further queries you have regarding the above property or our online auction process in general. Please contact us via [email protected] or 020 8226 6901 (office hours).