What's the absolute minimum deposit I need to pay immediately after winning a property at a UK auction, and does this include the buyer's premium and legal fees, or are those extra on top?
Quick Answer
Immediately after winning a UK property auction, you must pay a 10% deposit (minimum £5,000). Buyer's premiums and legal fees are separate, additional costs, not included in this initial deposit.
About This Topic
Learn the minimum deposit required for UK property auctions (10% or £5k minimum) and how buyer's premiums, legal fees, and SDLT are separate, additional costs. From April 2025, a 5% SDLT surcharge applies to additional properties.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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