Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • FIRSTTIMER
    • By FIRSTTIMER 15th Mar 17, 9:54 PM
    • 268Posts
    • 52Thanks
    FIRSTTIMER
    Can you put a clause on completion when you exchange?
    • #1
    • 15th Mar 17, 9:54 PM
    Can you put a clause on completion when you exchange? 15th Mar 17 at 9:54 PM
    I agree to exchange but if I do not complete within two months - I am withdrawing from sale....to put pressure on the onward chain....I am chain free
    Savings £10000
Page 1
    • Hoploz
    • By Hoploz 15th Mar 17, 9:59 PM
    • 3,529 Posts
    • 3,120 Thanks
    Hoploz
    • #2
    • 15th Mar 17, 9:59 PM
    • #2
    • 15th Mar 17, 9:59 PM
    The completion date is specified at exchange.

    If the seller isn't ready to commit to a completion date, exchange won't happen.

    Until exchange takes place either seller or buyer can walk at any time. After exchange you are legally obliged to complete on the date on the contract.
    • eddddy
    • By eddddy 15th Mar 17, 10:33 PM
    • 5,549 Posts
    • 5,232 Thanks
    eddddy
    • #3
    • 15th Mar 17, 10:33 PM
    • #3
    • 15th Mar 17, 10:33 PM
    It's possible to do what you describe, but it's very unusual - unless the person at the top of the chain is buying a new build.

    But if that's the case, the person at the top of the chain can probably only complete once their house is built. So they probably wouldn't agree to a 2 month limit, because their house may not be ready.

    If there is no new build involved, you normally agree a completion date when contracts are exchanged.
    • strawberries1
    • By strawberries1 16th Mar 17, 1:05 AM
    • 666 Posts
    • 140 Thanks
    strawberries1
    • #4
    • 16th Mar 17, 1:05 AM
    • #4
    • 16th Mar 17, 1:05 AM
    If there's a new build in the chain it's likely to complete on notice.
    Completion date must be agreed on exchange.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

352Posts Today

2,801Users online

Martin's Twitter
  • Have a lovely weekend folks. Don't do anything (fiscally) that I wouldn't do!

  • RT @thismorning: With his last deals of the year, @MartinSLewis wishes us all a 'very merry Christmas, a happy Hanukkah and a wonderful and?

  • RT @stoneygran: @MartinSLewis I furtively used a pub toilet last night before getting on the bus and felt really guilty!

  • Follow Martin