2 Bed Bungalow, Refurb/BRRR, Halifax, HX4 8NA £120,000

Tenure: - Freehold

Council Tax Band: - C

Online Auctions Buying Guide: - Please use the following link to view Bramleys online auctions buying guide which gives full details on the buying process:-

Finance: - Bramleys DO NOT recommend purchasing a property with a mortgage due to the strict deadline of 20 working days to complete the purchase. If you successfully bid on the property and are unable to complete the purchase due to lack of funds, then this will result in breach of contract and financial penalties (as shown below).

Bramleys require proof of funding within 24 hours of the auction ending, to show that you are financially qualified to purchase the property that you have successfully bid on.

Contract: - The auction legal pack is available to view online, please access the auction portal through the auction lot on our website. If you have not registered with us before, then you will need to create a new account.

We advise all prospective bidders to pay close attention to all the documents within the legal pack.

The auction contract will need to be signed by the successful bidder within 24 hours of the auction ending.

Legally Binding Bid: - Any bids received through the online auction platform are legally binding and therefore cannot be withdrawn during the auction process.
If you are unsure for any reason prior to bidding at auction, you should either instruct a solicitor to look over the legal pack or alternatively direct your enquiry to the sellers solicitor.
Failure to complete on a purchase will result in financial penalties due to breach of contract.
Please ensure the name of the purchaser/company is correct on your registered auction account and the ID provided also links with this information.
As all details provided at the end of the auction will be added to the contract and sent to both sets of solicitors.
Persons bidding by proxy, must still provide ID for themselves and the person/company buying the auction lot.
Failure to provide the correct buyers information, can cause the auction contract to be invalid, meaning a potential loss of the deposit and further legal charges.

Bidder Security / Deposit: - For this Lot, a Bidder Security of £12,000 will be held by Bramleys until the end of the auction sale.
The successful bidder will be automatically charged the £12,000 at the end of the auction and this will used as payment of the deposit (please ensure your account is authorised to spend this amount in one transaction through your bank/building society), however if the price goes above £120,000 then Bramleys will require an additional amount from the successful bidder to provide a full 10% deposit to the sellers solicitors.
Failure to pay the remaining deposit balance within 24 hours of the auction finishing, will incur financial penalties (interest rate shown on auction contract), interest will be added to the remaining deposit balance until the full 10% has been paid.
The interest will be passed to the seller or persons entitled to it under the sales conditions.

PLEASE NOTE: Payments made to Bramleys via bank transfer will be returned within 48 hours of an unsuccessful bid. However, card payments can take between 5 and 7 working days. Therefore if you intend to bid in multiple auctions, we would advise using bank transfer in case you are unsuccessful in this auction.

Buyers Premium/Administration Fee: - The successful purchaser will be required to pay an auctioneers administration charge of £1,500 inc VAT for each lot purchased whether the lot is purchased at the auction, prior to or after the auction.
An invoice for the above amount will be sent to the successful bidder after the auction has ended. This payment is required to be paid within 24 hours of the auction ending.
This payment goes direct to Bramleys LLP and is non-refundable.

Extra Charges: - As per the auction contract, it states that the purchaser will pay £200 towards the local searches and this will be added to the final completion amount.

Financial Penalties: - Failure to complete a purchase on an auction property bought through Bramleys will result in breach of contract and will incur the following financial penalties:-

1. Loss of 10% deposit.
2. Loss of buyers premium.
3. Any and all costs for the Agents to re-list the property
4. The buyer will pay the difference in value, on resale of the property.
   Failure to complete, will result in Bramleys and / or the sellers solicitors taking legal action to recover the amounts mentioned above due to breach of contract.

Vendors Solicitors: - FAO: Ramsdens
94-96 Southgate
Elland
HX5 0ET
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Buyers must provide details of their chosen solicitor, so that in the event of winning a Lot Bramleys can initiate the necessary legal proceedings between both sets of solicitors.