Memorandum of Sale
The document the estate agent issues when an offer is accepted.
The memorandum of sale confirms the agreed sale: buyer, seller, price, conditions, and all parties' solicitor details. It's sent by the estate agent to both solicitors and both parties as soon as an offer is accepted. It isn't legally binding — either party can still pull out until exchange of contracts — but it formalises the deal and triggers the legal process.
Related terms
- SSTC →
- Vendor →
- Exchange of Contracts →
- Making an Offer — full guide →
This glossary entry is a brief definition. For the full practical walkthrough, see the guide above.
- Full Glossary →
Check what you can borrow
Free, 2-minute affordability check across 60+ UK lenders.
Start My Free Check
