8. Exchange of Contracts

The exchange of contracts is the legally binding part of the process. This is when you hand over a deposit (the normal sum or liability is 10% of the purchase price).

Contracts are exchanged once both you and the seller and your respective solicitors/conveyancers are satisfied that everything is in order, a date for completion is agreed and from this point both parties are legally bound to go through with the transaction.

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PROPERTIES SOLD

1
LAST MONTH

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At Lang Town and Country we maintain the highest professional standards by conforming to guidelines set by the industry’s leading bodies, including the Association of Residential Letting Agents and the National Association of Estate Agents.

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