Transfer Booking Deposit

Once your offer is accepted by the estate agent, the home is considered to be at the Sale Agreed stage. You will need to transfer a Booking Deposit to the estate agent, a sum of money that signals to all parties that you intend to proceed with the purchase the property. The size of the booking deposit is typically a percentage of the sale price, no more than 10%, or a fixed amount.

By law, booking deposits are fully refundable if you decide not to go through with the sale for any reason.