This is the biggest risk. Your lender will require a valuation after you’ve won. If the surveyor values the property lower than your winning bid (a "down-valuation"), you must bridge that financial gap yourself or risk losing your . 4. Property Condition Matters

If you’re planning to bid, here is your essential roadmap: 1. Secure an Agreement in Principle (AIP) buying at auction with mortgage

Check for hidden fees or sitting tenants. This is the biggest risk