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Conveyancing - Deposit
Deposit
On exchange of contracts you will be required to pay a deposit to the sellers' solicitors. Usually this is 10% of the purchase price but the figure may vary with the amount you are borrowing on the mortgage, or by negotiation.
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IntroductionMortgagesA Typical TransactionPrior to movingIdentificationSurveysInspectionPlanning and Building ControlProperty In Joint NamesInitial StagesNegotiationDepositDraft ContractSearchesFixtures & FittingsDraft Contracts and DocumentsSurveysWoodworm, Rot & DampThe MortgageExchanging ContractsExchange of ContractsThe DepositLeasesCompletionInsuranceRent and Service ChargesMortgage RedemptionCompletion Complete?KeysFinal StagesCompleting The ProcessDisbursementsPayment of your BillOther MattersWho Should You Tell?|
Salmons Solicitors 336 Hartshill Road Stoke on Trent Staffordshire ST4 7NX |
Salmons Solicitors 20-22 High Street Maybank Newcastle-under-Lyme ST5 0JB |
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