Does Nationwide run credit check between exchange and completion?

hue2345

Thrugelmir said:

hue2345 said:

It’s quite stupid TBH that the buyer is not protected for a potential event of lender withdrawing their offer after exchange. They should not be able to withdraw the offer after exchange takes place.

Lenders aren't stupid either. There's hundreds of thousands of pounds of their money at risk. Buyers can do whatever they want if they are funding the purchase in it's entirety. 

It makes no logical and ethical sense to give power to the lender to change their mind after the offer is extended and contracts are exchanged. If there is certain probability for the buyer to become broke in between exchange and completion, that probability is even higher after completion.