Buying And Renting Property May 2026

When you buy a home, the process officially kickstarts with the , prepared by the seller's solicitor and sent to yours.

: The draft is not legally binding. It only becomes enforceable once "exchange of contracts" occurs, at which point a completion date is fixed and the deposit is paid. Renting Out Property (Being a Landlord) buying and renting property

: This is a preliminary version of the sale agreement. It outlines terms like the sale price, deposit (typically 10%), and which fixtures are included. When you buy a home, the process officially

: Your solicitor will review the draft to ensure the title is free from defects and raise "pre-contract enquiries" about boundaries or planning permissions. When you buy a home