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Exchanging contracts

Abi2018
Abi2018 Posts: 44 Forumite
in House buying, renting & selling
Just was wondering how long you guys had to wait from signing contract to exchange?
«1

Comments

  • HampshireH
    HampshireH Posts: 5,023 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    3 weeks. Exchanged and completed on the same day and was only held up by student loan company failing to provide info to the lender.
  • JoJo1978
    JoJo1978 Posts: 375 Forumite
    100 Posts
    3 months. Us and our vendor signed within 4 weeks of appointing solicitors but we had to wait for chain above and below to form, break, reform etc. Got there in the end!
  • Abi2018
    Abi2018 Posts: 44 Forumite
    JoJo1978 wrote: »
    3 months. Us and our vendor signed within 4 weeks of appointing solicitors but we had to wait for chain above and below to form, break, reform etc. Got there in the end!

    Ah bless you, long wait! I'm lucky enough to be a FTB and have no chains, so hoping it won't be too long as all enquiries etc are back. Fingers crossed!
  • NicNicP
    NicNicP Posts: 249 Forumite
    Seventh Anniversary Combo Breaker
    2 weeks for us.
  • eddddy
    eddddy Posts: 18,492 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Abi2018 wrote: »
    Ah bless you, long wait! I'm lucky enough to be a FTB and have no chains, so hoping it won't be too long as all enquiries etc are back. Fingers crossed!

    Are you saying that the property you are buying is empty - and the seller has no reason to delay the sale?

    If so, the buyer takes much longer to get ready for exchange than the seller.

    So exchange will probably happen as soon as you (and your solicitor, and your mortgage lender) can get everything sorted.

    So check with your solicitor and mortgage lender.
  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    5 months. Exchanged and completed on the same day. Cash buyer no mortgage no chains.
  • Sanne
    Sanne Posts: 523 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Received contract Saturday (by post), signed in presence of witness Sunday, posted back Tuesday with some final docs, exchanged Friday after last-minute drama about a TPO on Thursday. So, all in all, less than a week.

    (We’ve had five weeks between offer accepted and exchange so was a quick one - chain of four where everyone was ready and we replaced a buyer at the bottom who pulled out three days before exchange so probably not representative!)
  • Abi2018
    Abi2018 Posts: 44 Forumite
    Sanne wrote: »
    Received contract Saturday (by post), signed in presence of witness Sunday, posted back Tuesday with some final docs, exchanged Friday after last-minute drama about a TPO on Thursday. So, all in all, less than a week.

    (We’ve had five weeks between offer accepted and exchange so was a quick one - chain of four where everyone was ready and we replaced a buyer at the bottom who pulled out three days before exchange so probably not representative!)

    Ahh! Well done you! :j
  • jennhg88
    jennhg88 Posts: 253 Forumite
    Fifth Anniversary 100 Posts
    Physically signing the contract doesn’t mean a lot. Been on this mad rollercoaster for 5 months and have signed contracts 3 times but not actually exchanged.
  • Abi2018
    Abi2018 Posts: 44 Forumite
    jennhg88 wrote: »
    Physically signing the contract doesn’t mean a lot. Been on this mad rollercoaster for 5 months and have signed contracts 3 times but not actually exchanged.

    Bless you. Fingers crossed for you that it happens really soon!
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