Once the price has been agreed the estate agent will ask for a booking deposit. This is a sign of your commitment to the purchase and refundable if the transaction does not proceed. It is important you do not pay over a booking deposit to an estate agent or any third party without a covering letter from us. In that letter we will set out the conditions under which any booking deposit is paid and state any booking deposit furnished is to be held in trust for you until contracts are exchanged from which time the money can be held as stakeholder under the terms of the contract. If you are asked for a booking deposit please contact us and we will issue the letter by email immediately.