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How long between everyone signing a contract to everyone xchanging

Spamreported
Spamreported Posts: 87 Forumite
in House buying, renting & selling
everyone is nearing the end of the line in the buying process and everyone is signing their contract next week. on average, how long until formal exchange?

Comments

  • baileysbattlebus
    baileysbattlebus Posts: 1,443 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It varies, most exchanges are done on the phone now, it can be done on the same day but if it's a long chain it can take a few days. Your solicitor should give you some idea when you go to sign the contract.
  • sillyvixen
    sillyvixen Posts: 3,642 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    how long is a piece of string!!
    Dogs return to eat their vomit, just as fools repeat their foolishness. There is no more hope for a fool than for someone who says, "i am really clever!"
  • sassybooboos
    sassybooboos Posts: 336 Forumite
    everyone has to agree to a completion date.

    we exchanged yesterday and moving next friday.

    was exchanged the same day last people in chain signed contract and there are 4 lots in the chain
  • ukbondraider
    ukbondraider Posts: 252 Forumite
    I woud say that the standard is approx 3 months.

    Both my houses took 4 months each.
  • Spamreported
    Spamreported Posts: 87 Forumite
    ukbondraider wrote: »
    I woud say that the standard is approx 3 months.

    Both my houses took 4 months each.
    3 months?? dont you mean 3 months for everything
  • ukbondraider
    ukbondraider Posts: 252 Forumite
    Sorry I misread your query.

    It will take 3 months in general for everything from the property being taken off the market to exchanging.

    Do you mean from exchanging contracts to moving in (i.e completing)?

    This will usually be 1 week.
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