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Here's all you need to know about signing contracts

Signing a contract is often the time when buyers can breath a sigh of relief. It is not until this point that the sale is secure and the sellers can no longer pull out of the sale. At this stage your solicitor will have received the contracts and your loan pack from the mortgage lender. They will also give you any advice or guidance that you may need on the finer details. Once you're happy with the terms of the sale your solicitor will invite you into their office to sign the contract.

During this time you also need to pay the balance of the deposit (which is 10% for first time buyers) and minus the booking deposit that you gave to the estate agent after you went sale agreed.

Once both you and the seller sign the contracts the sale is final and now you can just focus on moving in.


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