We’ve built a simple online system so you can manage your agreementand deposit right through to completion.
Create an Agreement
So you’ve agreed the price of your property purchase / sale via the Estate Agent or privately. Now it’s time for the buyer, seller and estate agent to enter some details. At this stage the amount of deposit and the agreements timescale will be set. Then all parties sign the agreement online.
Our agreements have been created by lawyers and are binding. Due to this, there will need to be rules, we call these ‘obligations’. They are set for both buyer and seller and must be adhered to. If either party doesn’t fulfil their obligations during the agreement they will forfeit their deposit.
The deposit is paid via our secure, online platform and is transferred directly to the third party Escrow company (they conform to all GDPR legislation and hold a EU banking licence). At this point, you will also pay our fee.
Conveyancing & Surveys
Within the timescale of the agreement the buyer, their solicitor and mortgage lender (if necessary) will carry out all conveyancing, legal and surveying work prior to exchange of contracts.
At the end of the agreed timescale the buyer should have exchanged contracts. If the buyer has exchanged contracts they will be refunded their deposit in full. However, if the buyer has failed to exchange contracts or withdrawn and has therefore breached the agreement obligations then they will forfeit their deposit and it will be sent to the seller.