Hi all,
We have accepted an offer on our house and have reserved a new build to move to. The chain below us have said they are ready to move early August and we have expressed to our solicitors to push for ASAP. The new build house is ready in a couple of weeks so they are pushing for the move ASAP also. They have the standard 28 day after reservation exchange date set, which the sales lady said they can be flexible on due to us being in a chain. On this exchange date they require a 5% deposit, the money for this is tied up in our house equity and would be paid with the sale on completion so she said we could exchnage and complete on this purchase on the same day. I just worry that the chain drags on a bit and the new build people push for the exchange money before we have it. Anyone have any experience of this? Or different ways to do it?