All potential buyers are required to register their details before bidding. At registration you will need to provide the full names and address of the buyer for auction contract purposes, the bidders’ details (if these are different from the named buyer) and the solicitor/ legal representative who will be acting on your behalf. You will also need to PROVE your method of payment of the deposit / administration fee and that you have the necessary proof of identity to comply with Money Laundering Regulations.
Registration usually takes place adjacent to the auction room where you will be allocated a personal bidding number, which will enable you to bid. There is no charge for registration. The auctioneer reserves the right to refuse a bid where registration has not taken place and to offer the lot to the under bidder. You are also advised to read the notice on auction deposits and proof of identity notice within this catalogue.
Proof Of Identity
In compliance with the Money Laundering Act all successful bidders are required to provide photographic identification and proof of address when signing the memorandum of sale. In ALL cases, buyers must present the following documents:-
Photographic identity document such as a current passport or UK driving licence
AND
An original utility bill, building society or bank statement, credit card statement or any other form of identity document (excluding mobile phone bills) that has been issued within the last three months and that provides evidence of residency at the correspondence address.
If the bidder is acting on behalf of another party, they will be required to provide the documents detailed above for both themselves AND for the named buyer for whom they act, as well as providing a valid letter of authority from the buyer authorising them to bid on their behalf. If the bidder is acting on behalf of a company, the above documents will still be required, together with written authority from the company.
If you require further advice then please contact us on North Wales 01248 75 39 39 northwales@allwalesauction.com