The payment request is for your share of the remaining LLP purchase costs. These costs include things like Surveyors fees and the EICR inspection costs.

Clause 2.1 in your ‘Partnership Agreement’ gives you more information about this payment.

"The Members [of the LLP] will each make Capital Contributions in accordance with this clause 2 and Schedules 1 and 2. The Parties agree that a breakdown (as at the date of this Agreement) of the anticipated Total Acquisition Cost is set out in Schedule 2."

You’ll find the amount we’re requesting from you in Schedule 2 of your Partnership Agreement (towards the bottom of the document).

You can find your Partnership Agreement in your Living Portal.

This money is collected after completion, rather than during the buying process, as the purchase is guaranteed at this point. By taking the payment now, we avoid taking money that may then need to be refunded to you.

This payment is also made directly into the LLP bank account, which can only be set up after exchange has happened.