Exchanging contracts

Exchanging contracts creates a legally binding commitment between buyer and seller for the sale of the property. The completion date is set and there's no backing out after this point.

Process teaser image: 
Why is this important?: 
This is a key moment. Exchanging contracts creates a legally binding commitment between buyer and seller for the property. So, once contracts are exchanged, the purchase is definitely going ahead.
What happens?: 
Your lawyer will let you know that the contracts are agreed between all parties and that everything is ready for you to go ahead and sign. They'll ask the buyer to pay over a deposit (usually 10% of the purchase price). The lawyer will confirm the agreed completion date and will swap the signed contracts and deposit.
What we do: 
Swap the signed contracts
Transfer the deposit from the purchaser to the seller
Things you will need to do: 
On a purchase:
Tell your insurer to put your building policy "on risk"
Things you will need to send us: 
On a purchase:
Transfer your deposit