how long before both contracts exchange? i paid deposit and signed what i had too. Just i want them legally binding than i know im secured in the contract, many thanks for your help.
2007-03-21 09:32:04 · 8 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
completion date is 2nd april.
2007-03-21 09:37:39 · update #1
huh searches? they are already done. I signed contract today and paid deposit. some people coming out with scary answers.
2007-03-21 09:41:52 · update #2
solicitor and i both agreed 2nd april for completion so why should i expect 6-8 weeks when the seller also agrees with me. Scary answers
2007-03-21 09:44:58 · update #3
I think it takes about 6 weeks,by then you should be moved in!
2007-03-21 09:35:25 · answer #1 · answered by babscabs 5 · 0⤊ 0⤋
In England, the exchange of contracts takes place often at the pace of the fastest solicitor. Keep onto your firm of sols., and look forward to probably a month, or six weeks delay, whilst all sorts of searches and exchanges are going on!
When you finally complete, then you are usually secure and legally bound!
2007-03-21 16:39:28 · answer #2 · answered by More or less Cosmic 4 · 0⤊ 0⤋
Did you put an acceptance date on the contact? What is the date the other party has to sign by. There should have also been a close date on the contract. that will be driven by work load, title searches, surveys, and mortgages if there are any.
2007-03-21 16:41:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It really depends on the transaction and the chain.
I used to work for a solicitor and we'd have a signed contract on file ready for exchange but we'd still be ironing out details.
Prepare to make lots of phone calls!
2007-03-21 16:38:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Should be fine. It does take awhile, but now that you have paid the deposit, there is no fear of gazumping. That's great news! Congratulations on your new flat. Getting on the ladder is hard, but now that you're there, hopefully you'll have made a good investment.
2007-03-21 16:58:51 · answer #5 · answered by cheryl m 3 · 0⤊ 0⤋
6 weeks but schedule for 8.
all the best in your new home.
2007-03-21 16:42:17 · answer #6 · answered by pamela g 4 · 0⤊ 0⤋
thats gr888 !!! be happy because u know u signed the legal contract so how u get chances of fake
2007-03-21 16:45:36 · answer #7 · answered by dipendu 1 · 0⤊ 0⤋
Try the sites below for research on this topic. Hope it helps.
2007-03-21 18:07:11 · answer #8 · answered by citronge69 4 · 0⤊ 0⤋