Guide To Buying

We charge a one-off buyer’s fee to secure the property, removing it from the market. Upon paying the fee, buyers can rest assured that no other offers will be accepted, and both parties are in contract.

The buyer’s fee is a crucial part of The OPA’s innovative property purchasing process. It is set at 2% of the purchase price (subject to a minimum fee of £3,999, inclusive of VAT). Upon offer acceptance, you will enter into a legally binding Exclusivity Agreement with the seller. This agreement grants you the exclusive right to purchase the property during a specified exclusivity period, generally lasting up to eight weeks.

Key Points About the Buyer’s Fee

• The Buyer’s Fee is payable upon offer acceptance and is non-refundable.
• The fee secures the transaction and takes the property off the market.
• It is not subject to a cooling-off period and is refundable only under the terms stated in the Exclusivity Agreement.
• The Buyer’s Fee is paid in addition to the property purchase price and may form part of the chargeable consideration for Stamp Duty Land Tax (SDLT) liability.
• During the exclusivity period, no other offers can be accepted for the property, giving you the security and time needed to exchange and complete the transaction.