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Mortgage and Exchange of Contracts/Completion Gap
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d0nkeyk0ng wrote: »Why?
Only asking because like one of the posters I'm a FTB living at home with parents and buying a chain free house.
Conveyancers ideally like a week between exchange and completion, it always used to be two weeks but is commonly a week in between now. As long as you give your solicitor plenty of notice to request the completion monies from lender (your solicitor will already be in receipt of your deposit funds) specifying simultaneous exchange and completion there is no problem.
I have done this twice both with chain free purchases/sales.0
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