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Manchester 0161 710 2010

Remote Bidding

Don’t worry if you can’t attend the Auction on the day.  You have three options for Remote Bidding:

 

By phone
Real time internet bidding 
Authorising the auction to bid on your behalf up to a stated maximum bid (a Proxy Bid)

 

Please read the Terms and Conditions below for Remote Bidding and if you want to go ahead please return the Form which can be downloaded here and no later than 1pm the day before the Auction. 

 

Authorisation to bid remotely is subject to you providing satisfactory identification to comply with the current Money Laundering regulations (further guidance here) and payment is made by cleared funds of the minimum deposit of 10% of the lower guide price if intending to do a Telephone, or Internet bid and a minimum deposit of 10% of your maximum bid if submitting a Proxy Bid (subject to a minimum of £3,000) and the Buyer’s Administration fee applicable to that Lot.

 

Also note there may be last minute changes to the Addendum and/or announcements made by the Auctioneer just before the Lot is offered. If using the Remote Bidding service you are deemed to have been aware of any changes to the Addendum, or Auctioneer’s announcements irrespective of whether or not you have read and/or heard them.  Our advice therefore is to recommend that Bidders attend the Auction in person or appoint someone to attend and bid in their place. 

 

Terms and Conditions for Remote Bidding:

1. By asking to be allowed to participate as a Remote Bidder you confirm your full agreement to all of these Terms and Conditions.

2. Only Bidders who have used the Remote Bidding Form can be authorised to Bid.  Failure to complete or sign the Form will entitle us to disregard your bid.  We can also refuse to accept Telephone, Internet or Proxy bidding requests at our absolute discretion without giving reasons. 

3. Only Bidders who have complied with the following will be authorised to Bid, unless otherwise at our sole discretion without giving reasons.

The proposed Bidder must have:

(i) Returned a correctly filled, completed and signed Remote Bidding Form by 1pm on the day before the Auction.

(ii) Provided satisfactory ID that complies with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, for all parties involved have been submitted, i.e. Bidder, Purchaser if different and Beneficial Owner if applicable.  We may also require ID for any party who makes payment of the Deposit if not the Bidder, Purchaser or Beneficial Owner.

(iii) Made cleared payment of the minimum deposit of 10% of the lower guide price if intending to do a Telephone, or Internet bid and a minimum deposit of 10% of your maximum bid if submitting a Proxy Bid (subject to a minimum of £3,000), together with a cleared payment of the Buyer’s Administration fee applicable to that Lot.

4. It is the Bidder’s responsibility to contact us to check to see if you are authorised to bid.

5. No alteration to the Remote Bidding Form will be accepted once it has been submitted. To avoid any confusion we require you to submit a new Remote Bidding Form where any alterations are required.

6. Any instructions to withdraw a Proxy Bid, or where you authorise us to bid up to a stated maximum amount on a Telephone Bid or Internet Bid in the event we cannot contact you on the day, or contact is subsequently lost whilst bidding is underway, or the internet link with the Auction Venue is not available, goes down or otherwise is interrupted, must be in writing.  It is your responsibility to check that we have received those instructions and we cannot guarantee to act on any instructions received after 5pm on the day before the Auction.

7. You accept that you are deemed to be aware of and bid with full knowledge of the Conditions of Sale, Our Extra General Conditions of Sale, any Special Conditions, The Legal Pack, The Auctioneer’s Notice of Important Information For Bidders, any Addendum and any Pre-Auction Announcements made by the Auctioneer that are applicable to the Lot.  It is your responsibility to be aware of such matters and we will not be held responsible for any loss, costs or damages incurred as a result of your failure to make yourself aware of such matters.

8. Where we are Bidding and we are not getting real time instructions from you (the situations outlined in Clause 6 above) you appoint us to act as your Agent and you authorise us to bid for the Lot on your behalf up to (but not in excess of) your stated maximum amount in whatever manner we, in our absolute discretion, think fit.

9. If your Bid is successful you authorise us to sign the Sale Memorandum on your behalf.

10. The name entered onto the Contract and Sales Memorandum will be the Purchaser named on the Remote Bidding Form, or the Bidder named if these details are left blank.  Please note that changes may not be made once a bid is successful without the Seller’s prior consent.  References to ‘nominees’, ‘associates’ or similar are unacceptable.

11. If you are the successful Bidder you undertake to immediately pay by cleared funds the balance of any shortfall in the Deposit.

12. If you are unsuccessful on the next business day we will instruct our Bank, or Card Payment Merchant Service Provider, to return any funds paid for the Deposit and Buyers Administration Fee to the same source and in no circumstances will we make refunds to any other party than that who made the original payment.  Any credit card charges stated on the Remote Bidding Form will not be refunded and if we are refunding onto a card there may be a delay of up to 3 to 5 days for the funds to clear into your account.

13. We shall not be obliged to account to you for any interest accruing on any Deposit or Buyer’s Administration Fee you provide in respect of any Remote Bid whether or not you are the successful bidder.

14. Please be advised that we may retain copies of any documentary evidence of ID provided and any personal data supplied will be processed only for the purposes of preventing money laundering or terrorist financing or as permitted under section 40 & 41 of the Money Laundering Regulations. This information may be kept on file for a minimum of 5 years.

15. This is a free service and whilst we will make all reasonable efforts to provide these Remote Bidding services at the Auction we cannot guarantee that they will be available.

16. We and any of our employees will not be held responsible or liable for any loss, cost, claim, demand or damage that you may incur as a result of the services not being available, or becoming interrupted or  as a result of;

any change in the time, date and venue of the Auction
lack of clarity of instructions
a failure on your part to check any changes or withdrawal of instructions made after 5pm on the day before the Auction
error, lack of clarity or confusion regarding the Remote Bidding Form,  the
Deposit or required ID to comply with anti-Money Laundering Legislation
Bidders becoming disconnected during bidding or are being unobtainable when we attempt to contact them
A Bid being made late or in error
A Bidder’s failure to carry out appropriate Due Diligence and/or obtain their own independent professional advice in respect of any Lot
A Bidder not being aware of any late changes to the Conditions of Sale, Our Extra General Conditions of Sale, any Special Conditions, The Legal Pack, The Auctioneer’s Notice of Important Information For Bidders, any Addendum and any Pre-Auction Announcements made by the Auctioneer that are applicable to the Lot
for any other reason whatsoever beyond our control

0161 710 2010
Manchester
0151 242 6754
Liverpool
0113 403 2010
Leeds
0121 213 6389
Birmingham
0207 692 1930
London
Landwood Property Auctions is a trading name of LWA Manchester Limited a company registered in the United Kingdom under company number: 10855915. Registered Office: South Central 11 Peter Street Manchester M2 5QR. A list of directors is available at the registered office. VAT Reg Number: 277177173