Table of contents
Repossessed properties are among the most consistently available lot types in UK property auctions. When a lender or asset manager needs to recover capital quickly and with certainty, auction is the route they turn to, and the buyers who understand that process are well placed to move decisively when the right lot appears.
Every repossessed property we bring to auction is supported by a full legal pack, prepared and available to buyers before bidding opens. The process is transparent, the timescales are fixed, and the result is legally binding from the moment the hammer falls.
If you're a lender, asset manager, or insolvency practitioner looking to dispose of repossessed property, book a free appraisal, and we'll talk you through what auction can deliver. Buyers can browse our current listings and register to bid ahead of any upcoming auction.
Houses, flats, and bungalows repossessed following mortgage default make up the majority of repossessed lots at auction. These range from well-maintained properties in established residential areas to homes that have been vacant for some time and require varying degrees of work.
Repossessed rental properties, including houses in multiple occupation (HMOs) and tenanted investments, come to auction when landlords default on their borrowing. These lots can offer immediate rental income for buyers, particularly where sitting tenants remain in place.
Retail units, offices, industrial premises, and mixed-use buildings repossessed by lenders or placed into receivership all feature in our auctions. Commercial repossessions attract investor and developer interest, particularly where properties have been listed below comparable market evidence to reflect the lender's need for a swift disposal.
Development land, sites with planning permission, and larger land holdings can all become subject to repossession when a developer or landowner defaults. These lots attract buyers who are comfortable conducting due diligence quickly and moving to exchange within the auction's fixed timescale.
Our Live Stream Auction is conducted in real time by a live auctioneer, with buyers bidding online, by telephone, or by proxy. Repossessed properties benefit from the competitive, open environment this format creates – lenders and asset managers gain national exposure for their lots and a legally binding result when the reserve is met.
Repossessed properties in our Multi-Lot Timed Auction are marketed for several weeks before a focused 48-hour bidding window opens. This gives buyers sufficient time to review legal packs, arrange finance, and complete due diligence, while sellers retain the certainty of a defined, time-bound disposal process.
Where a repossessed property warrants a dedicated marketing campaign, particularly higher-value or more complex assets, our Single-Lot Timed Auction provides a bespoke start and end date with 24/7 online bidding throughout, maximising exposure for individual lots.
For lenders, receivers, and asset managers, an auction offers a disposal route that private treaty rarely matches on speed, defensibility, or certainty of outcome.
Book a free appraisal
Contact our team to discuss your repossessed property and the most appropriate auction format for your circumstances. We work regularly with lenders, insolvency practitioners, and asset managers and understand the specific requirements that come with these disposals. Book your free appraisal to get started.
We'll work with you to set a reserve price and guide price, coordinate legal pack preparation, and begin marketing your property to our registered buyer base. Our team will keep you updated throughout the pre-auction period, so you have a clear picture of buyer interest before the auction takes place.
Your property is presented to a national audience of active, registered buyers. Bidding is fully transparent, and if the reserve is met, contracts exchange immediately when the hammer falls, providing the certainty of outcome that lenders and asset managers require.
Completion takes place 28 days from exchange. Once all legal requirements are satisfied, funds are transferred, and the disposal is complete. Read our guide to selling at auction for a full overview of the process.
Do your research early
Repossessed properties move quickly. Legal packs are released ahead of the auction, and buyers who review them early are better placed to bid with confidence. Browse our current listings, download the legal pack for any property you're interested in, and instruct your solicitor to review it before the auction date.
Where possible, arrange a viewing and bring a surveyor or builder to assess the property's condition. Repossessed properties have sometimes been vacant for a period, so understanding the scope of any work required before you bid is important. Our guide to property auction viewings covers what to look out for.
A deposit of 10 per cent is required on auction day if you are the successful bidder, with the balance due within 28 days. Arrange your funding well in advance, whether through cash, a mortgage, or bridging finance. Our partners at Together offer auction finance solutions for eligible purchases.
Register to bid before the auction and set a clear maximum before bidding opens. If you're the successful bidder, contracts exchange and your deposit is paid immediately. The balance is due within the agreed completion window, after which ownership transfers to you.
If you're a lender, asset manager, or insolvency practitioner with repossessed property to dispose of, our team is ready to help. A free appraisal is the right starting point. We'll assess your property, recommend the most suitable auction format, and give you a clear view of what the process involves.
Buyers can explore our full range of current listings and register to bid ahead of any upcoming auction. For any questions, call us on 0345 646 2288 or use the form below.
Local office finder
BTG Eddisons boasts a national presence, with offices located throughout the UK.
Discover your nearest one today.
Find Your Office
Contact Us
340 Deansgate, Manchester, M3 4LY
Have a question about buying or selling at auction? Complete the form below and our property auction team will be in touch with the right information or guidance.
Repossessed properties are not automatically cheaper than comparable lots, but they are priced to achieve a sale within the auction's fixed timescale. Guide prices reflect the lender's or asset manager's need for a swift disposal, which can create opportunities for buyers who have done their research and are ready to move quickly. The final price is always determined by competitive bidding on the day.
Andrew Parker
Partner and Auctioneer
Andrew Parker is an award-winning auctioneer and Fellow of NAVA with more than 20 years of experience across estate agency and auctioneering in the UK. As BTG Eddisons Property Auctions' lead auctioneer, he specialises in the disposal of residential and commercial properties for corporate clients, asset managers, and local authorities. Andrew sits on the RICS steering committee and leads our national Live Stream Auction each month.
Our Auctions
Explore our upcoming auctions and discover a wide range of properties and assets. With expert support and transparent bidding, you can find opportunities that match your goals, whether buying or selling.
Auction Alerts
Stay up to date with all our latest auctions. Sign up for tailored alerts and receive notifications when new properties go live, so you’re ready to bid.
Guide to buying
From first-time buyers to experienced investors, our Guide to Buying gives practical tips and advice on the auction process, researching lots, and bidding confidently to secure the best opportunities.
Guide to selling
Planning to sell at auction? Our Guide to Selling shows you how to prepare your property, set the right pricing strategy, and work with our team to achieve the best results — smoothly and successfully.
Please login to view your saved properties.
Don't have an account?
Create your accountWe have sent a 4 digit code to you via SMS, please enter it here & click 'Verify'
To enforce security on your account, you'll need to enrol in multi-factor authentication using your mobile phone number.
We have sent a 4 digit code to you via SMS to the mobile number you registered with, please enter it here & click 'Verify'
This site uses cookies to monitor site performance and provide a more responsive and personalised experience. You must agree to our use of certain cookies. For more information on how we use and manage cookies, please read our Privacy Policy.
