Text for Report on Title
ROT: Payable on Exchange
- Change date
- 17/11/2025
- Word count
- 97
- Deployment measure
- 8/10
Rationale
Supplemental wording making it clear that the “deposit” mentioned in the contract is the amount needed to make the sale legally binding, whereas the lender’s “deposit” refers to the buyer’s overall personal contribution beyond the mortgage.
We would like to clarify that any reference we make to a “deposit” in this context is different from the deposit referred to by your mortgage lender. Within the contract,
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