All offers and negotiations are conducted and remain ‘Subject to Contract’ at all times. Once an offer is accepted ‘Subject to Contract’ the property will remain advertised as ‘For Sale’ until:
1- The purchasers have paid for and completed all of our Anti Money Laundering checks.
2- The purchasers legal representative confirms that they have instructions to proceed with the purchase.
3- The purchasers mortgage broker/lender has confirmed that their mortgage application has been submitted.
At this point the status of the property will normally be changed to ‘Under Offer’, 'Sale Agreed' or 'Sold Subject To Contract'. Please note that this is completely dependent on our individual clients instructions at the time.
Purchasers must complete any surveys and/or mortgage valuations they intend to have carried out within 10 working days and they must confirm the results of these reports to us within 72 hours. The purchasers and their legal representative must be ready to exchange contracts within a maximum of 28 days from receipt of the draft contract unless agreed otherwise in writing.