Then you might like to read the thread on Ask About Money concerning a property purchased at the auction, which begins thusly:
Recently paid my deposit at an auction for an apartment – in the meantime my solictor has indicated that he can not certify the title, required for the bank loan.
He is of course being smug (probably rightly so) and indicating that I should not have signed up for anything without a solicitor previously viewing the docs and not willing to provide much advice on what will happen next. Does anybody have experience of a similar situation? I know I am probably screwed, but Is there anyway I can get the deposit back? Is it likely they will chase me for closure on the full amount if I can’t get the bank mortgage?