Great news! Contracts have exchanged – your property sale is now legally binding! Time to start packing, moving day is just around the corner.
Congratulations, exchange of contracts has now taken place! This is the point at which all parties become legally bound to the transaction of the property. It is safe to start packing boxes and preparing for removal companies as moving out is just around the corner!
Your Exchange and Completion Team will have agreed an exchange date as well as a completion date with you and the buyer’s solicitor.
You need to read and understand the Contract, then sign it in black, wet ink. You and the seller sign identical Contracts, then your solicitors will read the Contracts to confirm that they are indeed identical. The solicitors then check that they have all the relevant legal documents and verify that any other buyers and sellers in the chain are ready to proceed. The Contracts are then exchanged and all parties become legally bound to the transaction.
No, a completion date must be included in your Final Contract. This allows everyone in the chain to make suitable arrangements such as removal vans, time off work and packing.
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At Lyons Bowe, we do not just give legal advice, we guide you through life’s biggest moments with clarity, care, and confidence. Whether you are buying a home, making a will, or navigating a separation, we make the process simple, structured, and built entirely around you.