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Evening Standard
Evening Standard
Asya Likhtman

Buying a property via modern method of auction: How does it work and can you buy with a mortgage?

This two-bedroom terraced house is for sale via MMA with a starting price of £162,000 on iamsold.co.uk - (iamsold.co.uk)

Without a cash lump sum to buy outright, most people might think property auctions are not for them. But the modern method of auction (MMA) is changing that – as US-born Londoner Rebecca recently discovered.

“We were looking for something close to the sea, away from the London madness and I saw this property come up,” says Rebecca.

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