The process of buying a repossessed house in the UK is similar to buying a standard home if it is marketed by an estate agent, but there might be some differences when it comes to the speed of the conveyancing process (usually completion is required within 28 days of offer acceptance) and it isn't uncommon for someone else to put in a bigger offer even after yours has been accepted. If the repossessed property is being sold at auction, then all of the usual requirements will apply as they do to buying any auction property, which also requires speed and specialist knowledge during the conveyancing process.