Deposits

Once we have met and you have signed the documentation, we will almost be ready to exchange contracts.

At that point in order to make the contract enforceable in English law, you are required to pay a deposit.

Traditionally this deposit is a sum equivalent to 10% of the purchase price of the property. However, on many occasions it is not possible to produce that sum at this stage and we can usually arrange with the seller’s lawyer for a reduced deposit to be paid.