If you are buying a property specifically to rent it out, current market data suggests that while sale prices rose by roughly 6.5% in 2025, rental prices increased by over 9%. Conveyancing Process Stages and Timeline
When you buy a home, the process officially kickstarts with the , prepared by the seller's solicitor and sent to yours. buying and renting property
Buying and renting property involves several key legal and financial stages, ranging from the initial offer to the formal exchange of contracts. Buying Property: The "Draft" Phase If you are buying a property specifically to
: Your solicitor will review the draft to ensure the title is free from defects and raise "pre-contract enquiries" about boundaries or planning permissions. Buying Property: The "Draft" Phase : Your solicitor
: The draft is not legally binding. It only becomes enforceable once "exchange of contracts" occurs, at which point a completion date is fixed and the deposit is paid. Renting Out Property (Being a Landlord)
: This is a preliminary version of the sale agreement. It outlines terms like the sale price, deposit (typically 10%), and which fixtures are included.
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