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  • FIRST POST
    • MarcoM
    • By MarcoM 16th Apr 19, 3:34 PM
    • 545Posts
    • 75Thanks
    MarcoM
    agreeing exchange completion day
    • #1
    • 16th Apr 19, 3:34 PM
    agreeing exchange completion day 16th Apr 19 at 3:34 PM
    Hello,


    How is an exchange / completion date agreed?


    Is it something the solicitors deal with in terms of correponding with each other regarding a date or is it a date coordinated via the estate agent?
    I am asking as our solicitor asked me if I had spoken to the seller solicitor about possible dates.


    Regards,
Page 1
    • kingstreet
    • By kingstreet 16th Apr 19, 3:44 PM
    • 34,981 Posts
    • 19,047 Thanks
    kingstreet
    • #2
    • 16th Apr 19, 3:44 PM
    • #2
    • 16th Apr 19, 3:44 PM
    Your solicitor asks you for your preferred completion dates.

    The other solicitors in the chain do the same.

    The solicitors then discuss among themselves.

    Once a date has been agreed between all the parties, contracts can be exchanged and the date becomes legally binding on all.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • pinkteapot
    • By pinkteapot 16th Apr 19, 3:45 PM
    • 6,355 Posts
    • 8,224 Thanks
    pinkteapot
    • #3
    • 16th Apr 19, 3:45 PM
    • #3
    • 16th Apr 19, 3:45 PM
    Solicitors in theory, but in every chain I've been in the EA has done some ringing round to coordinate the conversation and speed things up a bit.
    • datlex
    • By datlex 16th Apr 19, 9:12 PM
    • 2,012 Posts
    • 2,419 Thanks
    datlex
    • #4
    • 16th Apr 19, 9:12 PM
    • #4
    • 16th Apr 19, 9:12 PM
    For me it was a case of me telling them a date I wanted and them agreeing to it. I was in a very fortunate position of buying from local council who were selling property to pay care home fees. Suggest some dates that work for you.
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