When the contracts are exchanged the deposit, which is usually 10% of the selling price, is payable to the Seller’s solicitor. Any variation in the amount of deposit will be clarified when contracts are exchanged.
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.