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.
Salmons Solicitors Ltd, ( company no. 7639783), a company of solicitors practising in the United Kingdom of Great Britain and Northern Ireland. We are authorised and regulated by the Solicitors Regulation Authority under the Solicitors Code of Conduct 2011. SRA No. 555057. The Code of Conduct 2011 can be found on the website of the Solicitors Regulation Authority at Code of Conduct 2011.