What Are Property Searches at Auction – And Why Do They Matter?

When buying at auction, the legal pack will often include property searches. These provide crucial insights about the property and its surroundings, helping you spot potential risks before committing.

Here’s a quick guide to the most common types of searches (note: not all may be included in every legal pack!):

• Local Authority Searches

Discover local planning permissions, upcoming developments, public utilities, and roadworks.

• Environmental Searches

Check for flood risks, contamination, or nearby industrial activity that could affect the property’s value.

• Water and Drainage Searches

Understand the location of public drains and assess potential issues with water supply or sewage systems.

• Land Registry Search

Confirms ownership, checks for mortgages or charges, and outlines property boundaries and rights of way.

• Bankruptcy Search

Ensures the seller is legally entitled to sell the property.

• Chancel Repair Search

Identifies any historical obligations to contribute to church repairs.

• Coal Mining Search

Reveals any history of mining in the area that could pose structural risks.

Why Are Searches So Important?

• Mortgage lenders often require them to safeguard their investment.

• Protecting your investment means making an informed decision and avoiding nasty surprises.

• Spotting hidden risks such as planning restrictions, flood risks, or environmental concerns.

Takeaway:

Before bidding at auction, review the searches in the legal pack carefully. They’re a powerful tool to help you buy with confidence!