Our system enables you to lodge your reservation deposit quickly to secure your sale or purchase
Create an Agreement
So, you've agreed the price of your property purchase or sale via an estate agent or privately. We now need all the details so we can create your custom agreement and send it to you via email for your signature.
Our agreements have been created by lawyers and are binding. The rules of the agreement are easy to understand and are called 'obligations'. They're set for the buyer and seller and must be adhered to. However, if either party doesn't fulfil their obligations then 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 However, if the buyer has failed to exchange contracts or withdrawn and has therefore breached the agreement obligations then they will forfeit their deposit and it will be sent to the seller.