Hello,

I am first time buyer with permanent annual salary of £67k(joint) and with decent deposit of 32k (was saving from years). Recently while searching through Google I have found one property which is going in the auction on 26th oct. I have approached one firm known as CHOICE and they said they are kind of agent who searches the auction properties and pass these to their customers (Paid service). I am planning to take their membership but one thing is coming in my head so extending my hands to get some help from you guys.

I understand I will need to pay 10% deposit money and 90% within 28 days of exchange of contract. I understand survey will be required to be done and if anything goes wrong then I will lose my survey fees and 10% deposit (highly unlikely though)

Could someone please advise the best practice ?

many thanks,

Sandy