We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Contract exchange and freehold
Woody501964
Posts: 1 Newbie
I am both purchasing the freehold on my house and selling it at the same time although funding it separate. I have a buyer for my house who wants to exchange quickly, can we sign and exchange contracts and hand over keys before completion of the freehold?
Many thanks
Many thanks
0
Comments
-
Woody501964 wrote: »I have a buyer for my house who wants to exchange quickly, can we sign and exchange contracts and hand over keys before completion of the freehold?
Yes - if the buyer and their mortgage lender is happy to do that.
But the buyer may not be happy because... they might buy the leasehold house, then the freeholder 'change their mind' about selling the freehold.
And/or if the buyer has been offered a mortgage on the freehold house, the lender won't release the money if the buyer just buys the leasehold.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards