Exchanging contracts when abroad

lisyloo

SmashedAvacado wrote: »

Of course it can be signed in advance - the question was about what to do if you have moved already and the documents are not agreed. You can of course use a courier, - the point i was making is that a contract does not need to be signed by the buyer, as they can nominate their lawyer to sign it - wheras a transfer which is signed as a deed, needs to be executed as a deed - and if you have moved before signing it, this is something you cant avoid signing in hard copy - unless you do a poa before you leave.

PPL are very quick to read what they want to read, as opposed to the words on the page

Sorry but you clearly said once you had exchanged you need to sign and that is not the case.

I think I have read what you wrote.

FTBAngst

raddon24 wrote: »

I would assume the completion date is subject to getting an extension. I certainly won’t be agreeing to completion for something that isn’t guaranteed..

Becoming unable to work or being made redundant can happen at anytime whether it’s just after exchanging, completion or 1 year into a mortgage term. I don’t see how that is relevant.

I think there is a difference.

When you exchange you’re legally obligated to purchase and complete, if you’re then made redundant and your mortgage offer expires, you may be unable to get a new mortgage due to less income from redundancy, and therefore unable to complete, which will come with potentially severe financial costs.

Whereas if you’re in the house (or one year into a mortgage term), and made redundant, you can get any job that provides enough money to meet your monthly mortgage payments, or have a lodger.