What can I tell my buyer about Trustport?
Trustport is a secure platform operated by an independent third party which can hold funds related to a real estate transaction right through to settlement. Here's how it works:
- Verify their identity
Before transferring any funds, the buyer will complete a quick identity verification through Trustport. This is a simple but important step that protects everyone involved. - Pay the deposit
Once verified, the buyer will receive clear payment instructions and can pay securely via bank transfer or direct debit. - The buyer's deposit is secured
Once we receive the buyer’s deposit, funds are held securely by Trustport until settlement. - Funds paid at settlement
When settlement is confirmed, funds held in escrow are paid in accordance with instructions provided.