Have you bought any property in an auction?

I have not done this, but there are a few major things that you need to bear in mind.

In a "normal" house purchase you look around, find somewhere you like, then make an offer. If all goes well you agree a price and agree to buy. You then engage a solicitor who performs searches to check there are no problems with the property and you arrange a mortgage (which involves a valuation survey). When everything is in place, including a firm mortgage offer, your solicitor exchanges signed contracts with the seller and you are now legally committed to go ahead with the purchase. At this point you will hand over a deposit, usually 10%, and this is lost if you pull out. You could also be sued for any further losses incurred by the seller.

In an auction you are legally committed when the hammer falls. This is the equivalent of exchanging contracts. So you need to have checked out the property, done the searches, done the survey, obtained a firm mortgage offer (including the valuation the lender will require) BEFORE you attend the auction to bid. If you win an auction you are generally required to hand over your 10% deposit there and then, and you are usually expected to complete inside 28 days.

In theory you will probably get a better deal at an auction, but you have to get everything prepared (as above) in advance when there is no guarantee that you will win that auction. So you may be tempted to bid more than you want so that all the effort is not "wasted". Or you may spend a lot on searches, fees etc, on several houses that you don't end up buying before you eventually get what you want.

You also have to be aware that houses in auctions often have something "wrong" with them. They may be mortgage repossessions that are generally OK, but they may be in need of major rennovation which needs to be factored in to the price paid.

Provided you organise the mortgage up front there should be no specific problems getting a mortgage, other than the lender will probably be fairly strict about the maximum amount they will lend for a property needing work.

No at a home auction you buy the property as is and you do not know what you are buying and it usually need many repairs.Colud be a money pit. The previous owner did NOT care for the property. Best Wishes.

Yes I have. Never lived in it. I paid cash, it is very hard to finance an auction, they are almost always simply cash deals.