Your experienced Delmor agent will talk you through the process and advise you on the particular strengths and weaknesses in relation to any particular offer. Our aim is to give you the information to make an informed choice based on what you feel is right for you and your property.
When you accept an offer, it doesn’t mean that the sale is finalised, so there are lots of things you can do to keep the sale on track. Be as flexible as you can about timing, and as efficient as you can about producing any requested paperwork.Once all the contract details have been agreed, the two solicitors exchange letters. Your solicitor will talk you through the process.
These letters are known as ‘conclusion of missives. Both parties are now legally committed to the sale.
After the conclusion of missives, you might have to pay a holding deposit – typically £500-£1,000 – to secure the deal.
It’s not common to be required to pay this holding deposit as there are usually penalty fees in the contract to deter either party from backing out at this stage. Once you’ve agreed the contract, you need to shop around for buildings insurance.
Consider protecting yourself and your new home with contents and life insurance. Our mortgage and protections advisor can offer you free advice, you can contact them by clicking the button below.