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Exchange question
Mrsemmawright2010
Posts: 36 Forumite
How far in advance are you usually given notice of exchange? I have been told we will exchange this week but not when. I know that all the contracts have been signed, returned and monies transferred.
I know they call me before exchange but would i get more notice than that? So for example, do i just expect the call at any point or would i be notified the day before?
I have asked my solicitor and EA but getting no replies as they are so busy.
I know they call me before exchange but would i get more notice than that? So for example, do i just expect the call at any point or would i be notified the day before?
I have asked my solicitor and EA but getting no replies as they are so busy.
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Comments
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We were given a weeks notice with a date as our money was transferred to the solicitor the day before exchange.0
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I think it just depends... We were told last Thursday that the rest of the chain was ready to exchange on Friday. So ensued a panic as our funds hadn't been transferred out of our Lifetime ISA to our solicitors yet - depsite us having been the ones waiting on the rest of the chain to confirm an exchange date. On the Friday, our solicitor emailed us as soon as the money had landed, we gave her permission to exchange and she kicked off the process immediately.
In the end one line in the chain still had outstanding enquiries (lol...) and so this week everyone is just in the dark, waiting to get the news and I think we'll just exchange near immediately after that point.
It's stressful isn't it. And I know my answer doesn't help, but I think it's just a case of it varying massively from case to case and you have to just be patient (as impossible as that is).0 -
I would expect your solicitor to let you know what day they expect to exchange and then on the day itself they will call you to confirm you definitely want to exchange.
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Thanks all. I think we might exchamge tmrw - fingers crossed!0
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