I do a good deal of legal pack reviews for upcoming BidX 1, and other, online auctions.
Many individuals contact me to carry out a review, and the correctly understand the importance of having the legals checked out in advance of any online auction.
Most of these querists are cash buyers, and they need to be as these properties are not attractive to lenders.
Generally, the legal pack and the property itself is, what I would describe, “rough enough but acceptable”.
Some, however, are unacceptable risks, in my view, and I must communicate this to my client.
There is a certain amount of imperfection that is acceptable. And there are some areas of imperfection that I would encourage the client to consider carefully and walk away.