Reservation Fee | Vesta Property

Reservation Fee

Vesta is different, once a Seller accepts your offer, then to reserve the property and ensure you are a serious buyer, you will need to provide a reservation fee of £1,500 per unit.

Avoid gazumping and reserve a property

When a Seller accepts your offer, we ask that you will pay a reservation fee of £1,500 per unit.

This fee is fully refundable should the sale not go through.

The fee will be transferred to the Sellers solicitor once you have exchanged and is deducted from the final purchase price.

This simple mechanism provides security to both parties who now have the space to finalise the details.

Buyer FAQs

Below is a list of the frequently asked questions by our buyers

Why do buyers need to pay a reservation fee?

In the UK, a third of residential property transactions fall through.

The Reservation Fee of £1,500 is a reservation deposit and is fully refundable should the sale not exchange and will be offset against the deposit on exchange or the final purchase price at completion.

This simple mechanism provides confidence and security to both Seller and Buyer and increases the likelihood of the deal completing. 

Is it refundable?

Yes. The Reservation Fee is fully refundable should the sale not exchange. Otherwise, it will be offset against the deposit on exchange or the final purchase price at completion.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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