Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your Report on Title.
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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