The Modern Method of Auction combines the speed and certainty of auction with the flexibility of private treaty. Mortgage buyers welcome. 56-day target completion. Zero Howsold seller fees.
Indicative estimate only · No obligation · No commitment
Our AI-powered tool analyses live sold prices and local market data to give you an indicative estimate.
Indicative estimate only. Based on comparable sold prices and AI analysis — AI can make mistakes. Not a formal valuation or professional appraisal.
What is MMA?
The Modern Method of Auction (MMA) is a UK property sales method that combines the marketing reach of estate agency with the commitment of auction. Properties are listed publicly (Rightmove, Zoopla), buyers bid online over a fixed auction window, and the winning bidder signs auction terms and pays a non-refundable reservation fee on top of the agreed price. Completion is targeted within 56 days. Howsold charges £0 seller fees — the buyer pays the reservation fee.
In a traditional private sale (estate agent), a buyer can walk away at any point before exchange of contracts — with no financial consequence. This is why the UK private treaty market has a fall-through rate of around 26% (Quick Move Now, 2025). One in four sales agreed never completes.
Traditional auctions fix this by requiring the buyer to exchange contracts on the day, with a 10% deposit and a 28-day completion deadline. But that 28-day window is too tight for mortgage buyers — so traditional auction restricts your buyer pool to cash purchasers, which usually means investors, and usually at investor prices.
The Modern Method of Auction was designed to combine the best of both. The buyer commits immediately via a non-refundable reservation fee — so they cannot casually walk away. But the completion window is 56 days, not 28 — which means mortgage buyers can participate, and you compete for both investor and owner-occupier money.
The result for sellers: faster, more certain sales, with a wider and more competitive buyer pool than traditional auction can deliver — and seller fees that are typically £0 (with the right MMA partner).
Compare your three options
Here's what selling a £180,000 UK property actually looks like across the three routes — fees, timeline, and what you give up to take each path.
Your fee on £180k
£3,240
1.5% + VAT (or £2,500 + VAT min)
Your "discount" on £180k
£27k–£36k
15–20% below market value
Your fee on £180k
£0
market value · zero seller fees
Live UK sold-price data · 60 seconds · No obligation
Illustrative comparison on a £180,000 UK property. Fee figures based on commonly-published high-street estate agent terms: 1.5% commission or £2,500 minimum (whichever is greater), plus VAT at 20% — which most individual sellers cannot reclaim. Quick-buy discount range based on widely-reported industry positioning. Sellers cover their own conveyancing as standard with any UK property sale; an auction legal pack is also required (typically £300–£450). Individual results vary. Not financial advice.
In about 60 seconds
Live AI estimate. Your postcode, our data. No callback queue.
Recent UK sales
Three illustrative seller outcomes based on Howsold sales. Names anonymised for client privacy. Figures and timelines representative — individual results vary.
Daniel · landlord exiting BTL portfolio
3-bed terrace · tenanted at point of listing
Sale price
£142,000
Days to complete
49 days
Howsold fees
£0
Saved vs agent
£3,000
inc. VAT
Daniel was looking to exit a single-property buy-to-let ahead of the Renters Rights Act. Tenanted sale — no notice issued, no void period. Sold to an investor from our network who already held several other local properties. Completed pre-auction.
Sarah · inherited family home
2-bed semi · vacant after probate granted
Sale price
£215,000
Days to complete
56 days
Howsold fees
£0
Saved vs agent
£3,870
inc. VAT
Sarah and her brother inherited their mother's home. Both were based outside the city. The owner-occupier auction format suited a property in a popular family area — competitive bidding from local buyers. Clean estate administration, no chain.
Mark · property needing significant work
2-bed terrace · empty for 14 months, condition issues
Sale price
£87,500
Days to complete
41 days
Howsold fees
£0
Saved vs agent
£3,000
inc. VAT
Mark had inherited a property in poor condition and was facing council tax pressure as the empty period extended. He'd been quoted £18,000 for renovation by a builder before listing. We advised against — sold as-is to a local investor with established trades, completed in 41 days. He kept the £18k and walked away clean.
All seller names anonymised for client privacy. Figures based on Howsold sales. Outcomes representative of typical results — individual results will vary based on property type, condition, postcode, and prevailing market conditions. "Saved vs agent" figure compares Howsold's £0 seller fees to standard high-street estate agent terms (1.5% commission or £2,500 minimum, whichever is greater), plus VAT at 20% — which most individual sellers cannot reclaim. Not financial advice.
The journey
From first conversation to completed sale, here's exactly what happens — what we do, what you do, and when.
Free indicative estimate
Either through our AI estimate tool (60 seconds), or by calling us. We confirm whether MMA suits your property and answer your questions. No obligation, no callback queue, no follow-up unless you ask for one.
Agree your reserve price
We discuss a realistic reserve based on comparable sold prices, condition, and current market demand. This is the minimum price your property will sell for — we never sell below it without your written consent.
Listing prepared, legal pack compiled
Professional photography, listing copy, auction legal pack (compiled by your solicitor — typically £300–£450). Your property is then listed on Rightmove, Zoopla, and our auction platform.
Active marketing + buyer registration
Buyers see the property and the auction legal pack before bidding. Registered buyers can bid online during the auction window. We accept pre-auction offers throughout — and many Howsold sales complete pre-auction.
Winning buyer signs auction terms + pays reservation fee
The buyer pays the non-refundable reservation fee directly to Howsold — this is how Howsold is compensated and why seller fees are £0. The buyer is now financially committed. You receive written confirmation, and the 56-day completion clock starts.
Exchange + solicitor coordination
Buyer's solicitor and yours work through searches and finalising. Howsold remains as a sales progression team throughout, chasing both sides to hit the target timeline. Most exchanges happen between days 14 and 28.
Completion — funds received
Target completion within 56 days of reservation. Funds transferred to your solicitor, who then transfers to you. Howsold seller fees: £0.
The legitimate questions
It's the right question to ask. Here are the most common concerns we hear from UK sellers — answered honestly.
Concern #1
In most cases, no — and often you'll get more. The mechanism that drives a private treaty price down (a single buyer haggling, surveys returning low, gazundering) does not exist in MMA. Instead, multiple buyers see your property at the same time and openly compete. On well-marketed Liverpool MMA sales we consistently see bidding above the reserve. Combined with £0 seller fees and no commission, the net figure you walk away with is often higher than an estate agent sale at the same headline price.
Concern #2
No catch — it's the whole point of the model. The reservation fee is non-refundable and paid by the buyer on top of the agreed price. It's what financially commits them. From the seller's perspective: you get a committed buyer and zero fees. From the buyer's perspective: they know they have to pay if they want the property — which protects them from being gazundered themselves or losing the property to a higher bidder mid-process. The buyer's fee is disclosed in writing in the auction legal pack before they bid.
Concern #3
MMA sales are conducted under UK consumer law (Consumer Protection from Unfair Trading Regulations, Consumer Rights Act) and the auction is governed by industry codes. Howsold is a member of the Property Redress Scheme — an independent redress provider authorised by National Trading Standards. If you have a complaint about Howsold's service, you can escalate to the Property Redress Scheme. All seller and buyer fees are disclosed in writing before any agreement is signed.
Concern #4
The reservation fee is non-refundable, which makes withdrawal financially unattractive for the buyer. If a buyer does step back, we relist the property at no additional cost to you and typically approach underbidders quickly — many properties resell within days. Reservation fee withdrawal is uncommon, but if it happens, you don't pay Howsold any additional fee to relist.
Concern #5
Because high-street estate agents have no commercial incentive to recommend it — it does their job in less time, with more certainty, and without their commission. MMA has been quietly growing market share in the UK since 2020, and is increasingly used by motivated sellers, landlords, probate cases, and properties that have struggled on the traditional market. It's not new — it's just not in your estate agent's interest to tell you about it.
This page is general information about how MMA works and is not legal or financial advice. Always seek independent advice from a qualified solicitor and/or financial adviser before signing auction terms or any property sale agreement. Howsold is a member of the Property Redress Scheme.
Before you commit to anything
Our AI tool pulls live UK sold-price data for your postcode and gives you an instant indicative figure. No callback, no waiting list, no spam follow-up.
An honest filter
MMA suits most UK property types — but not every situation. Here's when we'd typically recommend you look at other options.
You want full flexibility to withdraw after agreeing a sale
MMA's strength is buyer commitment, but that runs both ways. Once you've accepted a winning bid, you're committed to selling. If you genuinely need the ability to pull out at any stage, private treaty with an agent gives you that flexibility — at the cost of having to pay if you want to keep it.
Your property has very limited local market interest
Competitive bidding requires multiple interested buyers. If a property is in a market segment with very thin demand (highly unusual properties, very remote rural locations, niche commercial use), competitive bidding may not materialise. We'd tell you on the first call if we think this applies.
You're not ready to commit to a fixed timeline
MMA's 56-day completion target works because both sides are committed. If you're not financially or emotionally ready to move on a fixed timeline — for example, you haven't yet found onward accommodation and have no fallback — speak to us first about timing. We can list to fit your readiness, but you shouldn't list before you're ready to complete.
You're in a chain that needs traditional alignment
MMA sales work best where the seller is chain-free or has flexibility in their onward purchase. If you're sale-dependent on a complex chain alignment, the fixed 56-day target may create pressure — though many sellers do manage this successfully.
Honesty over conversion — we'd rather lose a 30-minute conversation than get you into a process that's wrong for you. Talk to us first if you're not sure.
Why MMA — and why now
Modern Method of Auction has gone from a niche solution to a mainstream option for UK sellers in the last five years. Three converging forces are accelerating that shift in 2026:
1. The 26% fall-through rate is the highest in a decade.
Quick Move Now's 2025 data shows roughly a quarter of UK private treaty sales fall through — driven by long chains, survey renegotiations, mortgage delays, and gazundering. Sellers who've experienced one fall-through rarely want to risk a second. MMA's reservation-fee mechanism directly addresses this — and is the single reason most sellers we work with chose us over a traditional agent.
2. The Renters Rights Act is driving landlord exits — and investor demand.
Landlords exiting the UK rental market have driven a structural shift in investor demand. New investors are entering the market to absorb that supply, and rental yields have strengthened across most regions (UK rents rose 6.3% YoY in early 2026 per ONS). For a seller, this means MMA's investor network is bidding harder than 12 months ago — particularly for tenanted property, BTL exits, and properties in strong rental areas.
3. High-street estate agent fees are increasingly seen as poor value.
When sellers see that the "service" included in a £3,000+ commission consists primarily of listing on Rightmove and arranging viewings, the value proposition starts to look thin. MMA does the marketing, brings the buyers, and provides legal certainty — for £0 to the seller. This isn't a passing fad. It's a structural change in how UK property is bought and sold.
None of this is guaranteed to continue indefinitely. Markets shift. But the underlying mechanics that make MMA work — buyer commitment, competitive bidding, zero seller fees — are likely to remain attractive whether the wider market is rising or falling.
Curious what your property could achieve?
See your figure based on live UK sold-price data.
Common questions
Still have questions? Call us on 0151 203 8283
The Modern Method of Auction (MMA) is a UK property sales method that combines the marketing reach of estate agency with the commitment of auction. Properties are listed publicly (Rightmove, Zoopla), buyers bid online over a fixed auction window, and the winning bidder pays a non-refundable reservation fee and signs auction terms. Completion is targeted within 56 days. Howsold charges zero seller fees — the buyer pays the reservation fee.
MMA is regulated under UK consumer law and Property Redress Scheme membership requirements. The reservation fee is paid by the buyer directly to Howsold and is non-refundable — this is Howsold's compensation, and the reason seller fees are £0. All terms and fees are disclosed in the auction legal pack before bidding. Buyers receive the property on terms they have read, in writing, before they bid. Howsold is a Property Redress Scheme member. Sellers should always seek independent legal advice from a qualified solicitor before signing auction terms.
Traditional auctions require completion within 28 days, which limits buyers to cash purchasers. The Modern Method of Auction extends this to 56 days, which allows mortgage buyers to participate. A non-refundable reservation fee replaces the traditional 10% deposit on the day. The wider buyer pool typically produces more competitive bidding and a sale price closer to true market value.
In most cases competitive bidding drives the sale price toward genuine open-market value. Combined with zero Howsold seller fees, net proceeds are typically higher than a high-street agent sale at the same headline price, where fees of 1.5% plus VAT (or a £2,500 minimum plus VAT) apply. Individual results vary based on property type, condition, and prevailing market demand.
The reservation fee is non-refundable, which makes withdrawal financially unattractive for the buyer. If a buyer does step back, Howsold relists the property at no additional cost and can typically approach underbidders or other interested buyers quickly. Reservation fee withdrawal is uncommon.
Zero Howsold seller fees on every sale. All buyer fees are disclosed in writing in the auction legal pack before bidding starts. Sellers cover their own conveyancing as standard with any UK property sale, and pay for an auction legal pack (typically £300–£450). No fees are payable to Howsold by the seller at any point.
The buyer pays the non-refundable reservation fee directly to Howsold, on top of the agreed property price. This is what makes them financially committed to completing within the 56-day window — and it's how Howsold is compensated for the sale (which is why seller fees are £0). The fee structure is disclosed in writing in the auction legal pack before bidding starts.
Most Howsold sales complete within 8–12 weeks total. Listing goes live as soon as the seller returns property info forms (often same-day with photos ready). Howsold runs a monthly auction — usually on the last Thursday of the following month, flexible if needed. Completion target is 56 days from reservation. Many sales complete pre-auction. Compared to 6–9 months for a typical estate agent sale, MMA is significantly faster.
MMA suits most residential property types. It particularly suits tenanted property, inherited or probate sales, property needing renovation, landlord exits, motivated sellers needing certainty, properties that have struggled with traditional estate agents, and unusual or hard-to-value properties. It can also work for standard family homes — competitive bidding can produce strong results across most property types and price ranges.
MMA is generally not the best choice if you need flexibility to withdraw after agreeing a sale, if your property has very limited local market interest, or if you are not financially or emotionally ready to commit to the auction process and timeline. Howsold will tell you on the first call if MMA does not suit your property — even if it costs the introduction. Always seek independent legal and financial advice before committing.
Ready to sell?
60-second AI estimate. Live UK sold-price data. No commitment, no obligation.
Our AI-powered tool analyses live sold prices and local market data to give you an indicative estimate.
Indicative estimate only. Based on comparable sold prices and AI analysis — AI can make mistakes. Not a formal valuation or professional appraisal.