Buying at Auction? WATCH THIS FIRST

Buying a property at auction can be one of the fastest ways to secure a great deal, but it can also be one of the easiest ways to lose thousands if you do not know what you are doing. In this episode of the OMZ Property Podcast, I sit down with William Michael, property lawyer, legal entrepreneur and partner at Taylor Rose, to discuss the hidden risks of buying at auction, why legal pack reviews are essential, and the costly mistakes investors, developers and first-time auction buyers often make. William shares his experience in residential conveyancing, commercial property, auction legal packs, bridging finance transactions and working with property investors and developers. We also discuss how conveyancing has changed, why cheap online conveyancing can create serious problems, and what buyers should look out for before bidding at auction. In this episode, we cover: ✅ Why auction legal packs must be reviewed before bidding ✅ The £10,000+ mistakes hidden in special conditions ✅ How buyers can lose their deposit after auction ✅ Why changing the buyer name after auction can cause problems ✅ The role of bridging finance in auction purchases ✅ Sole representation vs dual representation in bridging ✅ Why cheap conveyancing can delay or damage a transaction ✅ How property lawyers support investors and developers ✅ The risks of buying without proper due diligence ✅ What it takes to build and scale a property law practice One of the biggest takeaways from this conversation is simple: never buy at auction without understanding the legal pack, the title, the searches and the special conditions. The cheapest advice before you bid could save you from the most expensive mistake after the hammer falls. Whether you are a property investor, developer, landlord, first-time buyer, auction buyer, mortgage broker, estate agent or aspiring property lawyer, this episode is packed with practical insight into the legal side of property transactions. Guest: William Michael Specialism: Property law, conveyancing, auction legal packs and property transactions Host: Omer Mehmet, OMZ Property Podcast For property finance support, including bridging finance, auction finance, buy-to-let mortgages, HMO finance, commercial lending and development finance, contact Trinity Finance: 📧 [email protected] ☎️ 01322 907 000 🌐 www.trinityfinance.co.uk Follow the OMZ Property Podcast for more interviews with property investors, developers, solicitors, finance experts and industry professionals. Please like, comment, subscribe and share this episode with anyone thinking about buying property at auction. #PropertyPodcast #PropertyAuction #AuctionProperty #UKProperty #PropertyInvesting #PropertyInvestor #BridgingFinance #AuctionFinance #Conveyancing #PropertyLawyer #LegalPack #TaylorRose #PropertyDevelopment #BuyToLet #HMOInvesting #OMZPropertyPodcast #TrinityFinance