Document background
A Letter of Interest to Purchase Property is commonly used in the initial stages of property transactions in England and Wales. It serves as a professional means of communicating serious buying intent before proceeding with formal negotiations and legal documentation. The letter typically includes details about the potential buyer, the property of interest, proposed purchase price, and any specific conditions or timeframes. While not legally binding, this document helps establish clear communication between parties and can be particularly useful in competitive property markets or when dealing with high-value properties. It forms part of the preliminary documentation in the English property acquisition process.
