Compare quotes from conveyancing solicitors servicing Martock

AgentQuote.co.uk helps you compare Martock conveyancing quotes from property solicitors servicing the Martock area. We hope you find the service helpful. We search for quotes from Martock solicitors and conveyancers servicing the Martock area.

What happens during the ‘Exchange of Contracts’ ?

Exchange of contracts (EoC) is the point of the legal process where a binding obligation on both parties is created - for the Seller to sell and the Buyer to buy the property.

At any time up until the EoC point, either party could withdraw from the process without any penalty other than monies they have spent on surveys, mortgage application fees and similar costs....

At EoC  stage a completion date is normally mutually agreed when the transfer can and will be finalised.

On the day of completion the monies are transferred between the parties and, the keys to the purchased property are handed over to the buyer.

What are disbursements?

Disbursements are the charges relating to your property sale and / or purchase that you will have to pay in addition to your legal fees. Disbursements should be similar regardless of which solicitor you choose to use. Some may charge for extras like filling in forms or photocopying. Disbursements usually include things like Telegraphic Transfer Fees, Land Registry Fees and Bankruptcy Check Fees.