The Auctus Legal Report

What is an Auctus Legal Report?

The Best Investment you can make!

Auctus Legal provide Legal Reports on the contents of Auction Packs, delivered to you quickly via e-mail and prepared in plain English, making it easily accessible and understandable for you to make an informed decision on whether to buy a particular Property at Auction.

If you are serious about buying at Auction you should prepare yourself in advance by obtaining the Auction Pack from the Auction House. It is normally recommended that you contact a solicitor to check through the contents of the Auction Pack so that they can advise you of any potential issues which could cause you problems of a legal nature if you are successful at the Auction.

You should remember that a lot of properties are put into Auction because it has been difficult to sell them on the open market due to an important defect. The Seller is hoping that someone will buy the Property without reading the Auction Pack properly and so not be aware of the problem. If this is the case then the problem becomes the new owners!

Why use Auctus Legal?

Auctus Legal Auction Pack RoomA solicitor would charge for the work taken to check the documentation, and will usually need to take time in opening a file and checking your identification before actually carrying out any work on your behalf. Often you would be expected to visit the solicitor's office to provide the necessary documentation they need to satisfy Law Society checks. This is often frustrating for a Buyer as it is likely that you will need the information quickly in order to determine whether to bid for a specific property and importantly, how much you should pay for it.

Auctus Legal provide Legal Reports on the content of the Auction Pack in order that you can satisfy yourself in relation to all legal and financial issues which would affect your proposed purchase of a Property at Auction. The Report will be delivered to you via e-mail within 48 hours of receipt of both payment and the Auction Pack. Why not have a look at the Sample Legal Report opposite to see how much important information is contained in a typical Report.

The staff at Auctus Legal are legally qualified, each with over 10 years experience in producing Legal Reports on Properties throughout the whole country so you can be assured that the service you will receive is second to none.

What are the Advantages of Obtaining an Auctus Legal Report?

Here at Auctus Legal we want to ensure that you are fully prepared and confident of what you are doing when you get to the Auction. The Auction Legal Report will explain to you in plain English the content of the Title Deeds, the Search Results, Special Conditions of the Contract, Property Information Forms and set out the implications of each to you.

For example, you may be looking at buying a house to rent out to a number of individual tenants. There are a number of issues which could prevent you from doing this, such as:

  • The Title Deeds may contain a 'Restrictive Covenant' preventing the Property from being used for any purpose other than a 'Single Private Dwelling'
  • The Local Authority Search may contain an 'Enforcement Notice' preventing the Property from being used as a 'House in Multiple Occupation - HMO'
  • The Special Conditions of the Contract may specifically prevent you from renting out the Property

Other potential issues or problems which the Auctus Legal Report would reveal are:

  • If the Property is Freehold or Leasehold and if Leasehold it will contain a comprehensive report on the length and terms of the Lease itself
  • Whether you will be required to complete the purchase of the Property in less than the usual 28 days from the day of the Auction
  • Whether there are any additional costs to pay in addition to the Purchase Price, such as a contribution to the Seller's legal fees
  • Whether the Property is subject to a Compulsory Purchase Order or Enforcement Action by the Local Authority

View a sample report:

Auction Process Explained:


What will I need to do?

If you would like Auctus Legal to prepare a Legal Report on your behalf you will need to provide us with contact information for you and make payment by debit or credit card though our secure Ordering Page.

You will then be asked to contact the Auction House and ask them to e-mail the Auction Pack for the Property to us and once we receive this we will let you have the Auctus Legal Report by e-mail within 48 hours. We will of course endeavour to deliver the Auctus Legal Report to you sooner than this and at least 24 hours before the Auction is due to take place.

If you would prefer, (for a small additional charge), we are able to obtain the Auction Pack from the Auction House on your behalf and we can also send a hard copy of the Auctus Legal Report to you by post for your records.

 

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