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Auctions, Case Tracker, Contract, conveyancer, Conveyancing, Conveyancing Quote, Do your own conveyancing, First Time Buyers, house buyers report and inspection, Property, Property Auctions, Property Market, property owner, Property Report, property searches, purchase, searches, Stamp duty, survey    No Comments

There are a great number of benefits to buying a property at auction such as a quick completion time and often the chance of getting a property at a very cheap price. However, it’s essential that you think carefully about what will happen when buying an auction property. Make sure that you go in with all of the information you need and above all don’t get caught up in the excitement of the auction house!

There’s a lot of things to think about – make sure you do your homework!

Have you seen the property?

Don’t be tempted to make a purchase on a whim if it seems like a bargain. It is so important to view the property first and to also obtain a survey on the house to establish if there are any structural issues which could affect value or your ability to get a mortgage. There could also be a tenant occupying the property which may complicate matters for you, or the property could be located in an area which may make it difficult to sell or rent. Doing your homework first will help you to avoid problems later on.

Do you have the money?

If you succeed at the auction you will need to exchange contracts immediately and pay a deposit there and then. This is usually 10 per cent of the price of the property. You will also be required to complete the purchase within a time limit, usually around 4 weeks from the date of the auction. Once you have exchanged contacts, you are legally bound to buy the property and if you don’t complete within the stipulated period, you may lose your deposit. Be sure you have all your funds available and if you are buying with a mortgage, that you have at least your mortgage in principal in place before you attend the auction. A delay on any of your funds prove a costly mistake.

Have you read the legal pack and spoken to a specialist Conveyancer?

Each property at auction has a legal pack and this contains all the information you would obtain through your solicitor when completing the purchase of a property through the usual channels. You should obtain the legal pack before the auction and ask your Conveyancer to review it for you so they can highlight any difficult areas. This could include title issues and items revealed in the searches which may affect the value of the property and often small print which makes you responsible for the seller’s legal fees or other costs. Being aware of these issues before bidding on a property is critical!

If you want to go ahead – your Solicitor will contact the auctioneers to get the legal pack and give you a report on the contents for a fixed fee. If you then are successful at auction can be deducted from the full legal fee for purchasing of the property.

Get in touch – we’re here to help

If you are interested in purchasing a property at auction and want some legal advice simply call us on 01623 45 11 11 for further information and an instant quote.

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Apprenticeships, Awards, conveyancer, Conveyancing    No Comments

Wendy Walker is one of our inspirational employees and is often described as going above and beyond to help drive Fidler & Pepper forward. The great news is that her hard work has resulted in her being shortlisted for a prestigious award.

Wendy, who has worked at fidler & Pepper for more than 36 years, is a finalist in the Female Employee of the Year category of the Chamber East Midlands’ Enterprising Women Awards.

Whilst Wendy’s main role is to supervise our large and growing conveyancing team, she also takes a lead in day-to-day management of the firm, managing work volumes, personnel and firm wide projects.

Mark Slade – Fidler & Pepper’s Managing Partner, said: “Wendy is one of a kind. Her work ethic and dedicated approach enables the firm to reach its ambitious targets and goals. She is a wonderful role model to all of the firm, and fully deserves to be a finalist.”

The East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire) Enterprising Women awards “celebrate and showcase the successes of women in business that have taken place in the East Midlands business community over the past year”.

Corey Else, who has been at Fidler & Pepper for three years, started out as an apprentice. He said: “I really feel supported by Wendy, who helps me set a clear path of what I can do next. I’m now working towards a professional qualification as a Conveyancing Technician.”

Her colleague Sophie Wise, added: “I really enjoyed my apprenticeship and I’m now a trainee Conveyancing Assistant. I’m pleased to be progressing with the Conveyancing team and Wendy has definitely helped me to see how I can keep moving on in the future.”

The winners will be announced at a gala dinner on March 2, a date that was chosen as it is close to International Women’s Day, which is on March 8.

We’ll keep our fingers crossed and wish Wendy lots of luck on awards night!

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Apprenticeships, Careers    No Comments

Growing your own is fashionable nowadays and Fidler & Pepper being the trend-setters we are, have been doing it for years! OK, so we aren’t growing our own marrows, but we are growing our own people!

We’re planting little seeds of knowledge in our staff and nurturing them into a bumper crop of Conveyancers, Private Client Specialists and support staff.

We have always seen the importance of training and developing the staff we have rather than looking elsewhere and we think that growing our own has produced the best batch of employees we could ask for.

It’s a win-win as well as we’re offering not just jobs, but the chance for a lifelong career, with career paths that can lead in various directions based on the abilities and interests of our staff.  Some of our employees have started out as apprentices and gone on to train as fully qualified lawyers!

We’re really pleased that our people growing has been recognised over the years and in recent years two of our apprentices Amber and Sian have won apprentice of the year awards. Recently our Sophie Wise was a finalist in the Chambers of Commerce awards and the NMSY Apprentice awards and Phoebe Killeen was a finalist in the Chad Business awards.

As a firm we’re also very proud winners of the Chad Business Awards in the People Development category, which recognises our commitment to training and developing our staff. This follows our Gold award from Youth Employment UK for our focus on being a youth friendly employer!

We’re always on the look out for a few good seeds to sprout for the next people harvest so if you’re interested in a career with Fidler and Pepper (and don’t mind our terrible gardening puns) check out our website for vacancies and more information. If you’d like to talk to us, simply call 01623 45 11 11.

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