Deposit

A deposit is the contribution made by the buyer to make up the balance of monies owed, which when added to the mortgage amount equals a properties total purchase price.

A solicitor would normally require the deposit to be paid prior to exchange of contracts. This however would not be the case if the balance of the monies was coming from a linked house sale.

Concept Mortgages Ltd is an appointed representative of Personal Touch Financial Services Limited which is authorised and regulated by the Financial Services Authority
Concept Mortgages Limited is a Company registered in England no. 6213893