Escrow agent: FCMB Trustees Limited
How escrow works on Rurblist
Funds for a transaction are held in escrow by FCMB Trustees Limited, as escrow agent, and released only in line with the escrow agreement.
Escrow agent: FCMB Trustees Limited
Your payment is made to FCMB Trustees Limited, which acts as escrow agent. FCMB Trustees releases the funds only in line with the terms contained in the escrow agreement.
The three stages
- 1
You pay into escrow
Instead of paying a seller or agent directly, your payment for the transaction goes into escrow held by FCMB Trustees.
- 2
Rurblist verifies the property
Rurblist's team solely runs ownership and title checks, including documents, land registry records, survey or charting where applicable, and any encumbrances or competing interests.
- 3
Funds are released
Funds are released to the seller when the conditions in the escrow agreement are met. These include completion of Rurblist's verification, and either your confirmation or expiry of the review window. If the conditions are not met, funds are returned to you, less applicable charges, under the mechanism set out in the escrow agreement.
What it costs to protect your transaction
Your transaction protection fee is a single charge based on the property value. It includes the escrow fee for FCMB Trustees' services as escrow agent, and Rurblist's fees for title verification and legal due diligence. Any agency fee is shown separately.
You see the full cost before you pay.