Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

exchange and completion on the same day possible?

13 replies

ClueLessFirstTime · 15/06/2012 14:31

both sides chain free.
agent says the must be a couple of days between exchange and completion.
google says it's possible, though.

OP posts:
noddyholder · 15/06/2012 14:32

It is possible definitely. I have done it twice but was a cash transaction both times which helped.

Waspie · 15/06/2012 14:34

I did it once. I found it very stressful not having the comfort of exchanging first, but on the day everything happened perfectly.

YardBroom · 15/06/2012 14:35

We have done it too. Stressful, but certainly achievable. And ours was on a Friday 13th.

clarabellabunting · 15/06/2012 14:35

We exchanged and completed on the same day so it's definitely possible!

The reason was that exchange kept getting delayed by one small detail in the house deeds that didn't get sorted out until the morning of the day we were meant to move.

Beanbagz · 15/06/2012 14:36

It's possible. We did it a few years ago. Thanks to the builders it took us another 2 years before we moved into the house Shock

ClueLessFirstTime · 15/06/2012 14:53

good to know.
so far everything is going smoothly and we should be able to exchange in 2 weeks time. to get the keys a couple of days after is not too big a deal, but I would like to give the place a good clean before moving.

OP posts:
MurderOfProse · 15/06/2012 15:58

I have done it both times I've bought a house. Can't remember the details now, but it didn't seem to cause an issue.

Jcee · 15/06/2012 21:38

Possible but if you have a mortgage then bank may insist on a few days to get money transferred etc

jalopy · 15/06/2012 21:51

Yes. We've done it.

StiffyByng · 15/06/2012 21:53

Our buyer's bank is insisting on five working days between exchange and completion.

Barbeasty · 16/06/2012 08:18

We've done it twice.

I would suggest that if you can, insist your buyers draw down their mortgage the day before. Last time we had but our buyers hadn't. Computer problems at their provider meant we only completed about half an hour before transactions ended for the day. Very stressful!

Grannylipstick · 16/06/2012 20:25

Yes you can exchange and complete on the same day

ClueLessFirstTime · 16/06/2012 20:41

thanks again. and thanks for the tip with the bank. we are the buyers and pretty clueless (as name suggests)

OP posts:
New posts on this thread. Refresh page