Exchanging Contracts In The UK Explained (Buying a House) Artwork

PCS Legal Podcast

Welcome to the PCS Legal Podcast. We are a firm of specialist Property lawyers regulated by the CLC. We hope to provide information on general conveyancing. You must always contact our offices for specific advice relating to the property you are looking to buy or sell to ensure the advice we give is suitable and relevant to your transaction.

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PCS Legal Podcast

Exchanging Contracts In The UK Explained (Buying a House)

May 11, 2022

In this short podcast we explain exchanging contracts in the UK (buying a house)

When two legal firms representing the buyer and the seller swap signed contracts and the buyer pays a deposit at this point on agreement to buy or sell a property becomes legally binding.

Once the buyer and the seller have exchanged contracts, both parties can't withdraw or change any details that have been agreed. On the sale, practical arrangements will need to be made to vacate the property in accordance with the contract signed agreed and with regards to the keys, they will need to be available to the buyer on the day completion takes place.

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