IS 2025 THE YEAR TO KICK START YOUR BUY TO LET PORTFOLIO?

If you’ve been considering moving into the world of buy-to-let, planning and research is key. Identifying the right property and securing it at the best price is a great way of kick starting a new portfolio and many landlords choose auction to secure their first purchase.

Here, our experts highlight some of the benefits and issues to factor in when buying at auction…. 

Benefits

• Auction is a clear and transparent process
• Properties can often be secured below market value
• You exchange contracts on the day of the auction
• Completion is typically finalised within a month
• Avoid the admin - most of the paperwork is prepared in advance 
• You can make an offer pre auctions

• You can visit the property pre auction and ask for expert opinion

  Preparation

• Typically a £10,000 deposit is to be paid on the day
• If you are considering a bridging loan, ensure that you have a clear financial plan in place including an exit strategy 

The next Smith and Sons auction will take place on the 26th February.

Please contact Annette Shelley at aas@smithandsons.net if you have a property you would like to include in our auction or are interested in bidding at our next auction