Secure Your Property with Confidence
The reservation and exchange process is a critical step in securing your property purchase and taking your desired apartment off the market. Whether you're a first-time buyer or a seasoned investor, Rothmore Property is here to assist. We guide you through reserving your property and exchanging contracts, ensuring every detail is handled efficiently and professionally.
Confirm your chosen property by completing the reservation agreement and fee.
Our trusted network of solicitors helps you prepare and review contracts seamlessly.
Work with us to manage timeframes and ensure progress stays on track.
Complete the exchange process to formally secure ownership of your property.
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The Reservation and Exchange Process
Frequently Asked Questions
Your essential guide to common property questions. If you need more details, get in touch with our team.
A reservation fee is a payment made to take the property off the market, ensuring it’s reserved exclusively for you.
The fee typically ranges from £2,000 to £5,000, depending on the development.
You will need to provide proof of identity (such as a passport) and proof of address to comply with the Anti-Money Laundering regulations.
During exchange, your solicitor will finalise the purchase agreement, and both parties sign the contract, making the transaction legally binding.