LOCAL chartered surveyor Nick Green and auctioneers Border Livestock Exchange have joined forces to create a new regional property auction venture.
Lomax Lang provides a property auction management service to the Borders property market by working in partnership with local solicitors and estate agents and holding regular regional collective property sales.
Mr Green, director of Lomax Lang, said: “The quick timeframe and transparent nature of buying and selling at auction has meant this method of buying and selling has become increasingly popular and more mainstream over the last decade.
“Modern auction terms also allow time for the purchaser to arrange finance after the auction date.”
The creation of Lomax Lang will enable local auctions to take place, which will benefit sellers in particular.
Logan Brown, auctioneer and fellow director, said: “Initial support from the region’s solicitors and estate agents has been encouraging, giving us the potential to catalogue a broad range of properties for the inaugural sale.”
Lomax Lang’s first sale will take place on June 6 at Kelso Racecourse.
Included in the catalogue is a seven-bedroom farmhouse at Eastfield of Lempitlaw, Kelso.