Andrew Craig

Andrew Craig Auctions – North East Modern Method Specialists, 24/7 Bidding Access & Buyer?Ready Legal Packs  

Official site: https://andrewcraig.co.uk/

Andrew Craig brings a distinctively modern, accessibility?driven auction experience to the North East property market. Unlike traditional auction houses, Andrew Craig operates through a strategic partnership with Agents Property Auction (APA), delivering 24/7 online bidding, buyer?friendly timelines, and mortgage?compatible auction formats that attract both homebuyers and investors. Their model blends estate?agency expertise with auction?room certainty, making them one of the most approachable auction routes in the region. 

What Makes Andrew Craig Auctions Unique

1. 24/7 Online Bidding – A Continuous Marketplace

Andrew Craig’s auctions allow buyers to bid anytime, from anywhere in the world, creating a continuous marketplace rather than a single event. This dramatically increases accessibility for first?time buyers, downsizers, upsizers, and investors. 

2. Dual Auction Formats

They offer both traditional auctions (28?day completion) and modern conditional auctions (56?day completion), giving mortgage buyers more flexibility. This dual?format system is one of the most buyer?friendly in the UK auction landscape. 

Two Unique Dimensions for Andrew Craig Auctions

Dimension A: Buyer Psychology Advantage – “Auction Without Intimidation”

Andrew Craig’s model removes the intimidation of the auction room.

• Online bidding reduces emotional pressure. 

• Buyers can review legal packs calmly before bidding. 

• The extended 56?day timeline allows mortgage buyers to participate confidently. This creates a more inclusive buyer environment than traditional hammer?fall auctions. 

Dimension B: Estate?Agency?Driven Stock Quality 

Because Andrew Craig is a full estate agency, their auction stock often includes:

• chain?break properties 

• probate homes 

• mortgageable houses 

• well?prepared legal packs This results in cleaner, more mortgage?friendly lots compared to distressed?heavy auction houses. 

Regional Focus – Where Andrew Craig Operates

Andrew Craig is deeply rooted in the North East of England, covering:

Tyne & Wear 

• Newcastle 

• Gateshead 

• Sunderland 

• South Tyneside 

• North Tyneside 

Durham

• Durham City

• Chester?le?Street

• Houghton?le?Spring

North East Coastal Belt

• Seaham

• Whitburn

• Roker

Their partnership with APA expands reach across the entire North East auction ecosystem.

Lot Types You’ll Commonly See

Based on Andrew Craig’s auction guidance and seller FAQs:

• Residential homes (mortgageable)

• Tenanted buy?to?let units

• Properties with structural issues

• Short?lease flats

• Commercial buildings (pubs, care homes, shops)

• Development sites

• Garages & unique lots

• Investment properties

• Probate & motivated?seller stock

Their stock is more varied than typical estate?agency auctions due to APA’s regional scale.

Auction Format & Timeline

Traditional Auction

• Immediate exchange at fall of the gavel

• 10% deposit (min £3,000)

• 28?day completion

• Legally binding instantly

Modern Method

• £3,000 reservation fee (part of purchase price)

• 28 days to exchange

• 14 days to complete

• Mortgage buyers welcome

Online Bidding

• Accessible worldwide

• Transparent, secure, and quick

• No buyer’s premium (APA does not charge one)

Finance & Risk Considerations

Finance Routes

• Bridging loans (28?day completions)

• Bridge?to?term (refurb + refinance)

• Standard mortgages (MMoA friendly)

• Specialist finance for:

• short leases

• structural issues

• commercial units

• development sites

Key Risks

• Reservation fees are non?refundable (MMoA).

• Legal packs vary in depth — review early.

• Some properties may require specialist lenders.

• Structural issues must be costed before bidding.

• Commercial stock requires tenant covenant checks.

Who Andrew Craig Auctions Are Best For

Homebuyers

Because many lots are mortgageable and timelines are flexible.

Landlords & Investors

Tenanted units, refurb opportunities, and yield?driven North East stock.

Developers

Development sites, commercial conversions, and uplift opportunities.

Motivated Sellers

Auction provides speed, certainty, and a legally binding sale.

How to Buy Through Andrew Craig Auctions

1. Visit the auction page: https://andrewcraig.co.uk/

2. Review the catalogue (via APA).

3. Download and inspect the legal pack.

4. Arrange finance (Auction360 can structure this).

5. Register to bid online.

6. Bid 24/7 until auction closes.

7. Complete within 28 or 56 days depending on format.

Upcoming Andrew Craig Auctions

• Next auction date: August 27, 2026: Andrew Craig Online Auction - 10:00 AM 

Contact Details

Phone: 0191 226 1222 

Email: auction@andrewcraig.co.uk

Address: 582 Durham Road, Low Fell, Gateshead, NE9 6HX

FAQs

Do Andrew Craig auctions allow mortgages? Yes — Option 2 (MMoA) is designed for mortgage buyers.

Is bidding online secure? Yes — APA’s system is transparent, quick, and legally binding.

What types of property appear most often? Residential homes, investment units, commercial buildings, development sites.

How fast is completion? 28 days (traditional) or 56 days (MMoA).