I'm a first-time investor - what are the key differences between traditional and modern methods of auction in the UK, and which is better for securing finance quickly?
Quick Answer
Traditional auctions require a 10% deposit and completion within 28 days. Modern auctions use a reservation fee, longer completion times, and legally binding agreements.
About This Topic
Compare traditional and modern property auctions in the UK, focusing on financing speed and requirements for first-time investors. Learn key differences.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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