Posted: 27th February 2025

Auction firm’s customers call for criminal prosecution over missing deposits

Evidence of a sophisticated effort within the property auctions sector to trick ‘successful bidders’ out of their deposits has emerged after hundreds of customers of the company involved complained of lost funds which, The Neg estimates, are likely to reach a million pounds.

As well as a Facebook group for those who have taken issue with the firm, several former customers of Birmingham-based BP Auctions Ltd have also launched a petition calling for an official investigation into the firm and urged the Law Society and the SRA to better regulate the legal sector that provides the legal packs and Conveyancing required to make auction sales happen.

Complaints have also been lodged with Action Fraud, HMRC and West Midlands Police and all three are looking into the company and its activities

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