In this video, we're addressing one of the most common questions we receive from our clients: the differences between the exchange of contracts and completion when buying a property. These stages are crucial in the house buying process and understanding them is vital as they involve significant risks.
With the substantial investment associated with purchasing a house, it's essential to grasp the stages involved and the potential risks. This video serves as informational guidance rather than advice. For specific risks related to your property transaction concerning exchange and completion, always consult with a legal adviser, such as your conveyancer or solicitor.
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We have access to over 90 banks, building societies and specialists lenders and thousands of products to help you get the best deal. Once our expert has matched you to your mortgage, they will stay by your side the whole way, keeping you in the loop. It is only when you have found a property and are ready to apply for a mortgage that we charge a fee. Our typical administration fee is £495 (We charge between £0-£245 for a remortgage). This covers the time involved in dealing with your mortgage application and supporting you through the home buying process from start to finish. This also includes complimentary homebuyers protection insurance, organising any insurances, organising your Will and recommending any professional services such as surveyors, solicitors and conveyancers.
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W: [ Ссылка ] (Detailed Estate Planning Advice)
W: [ Ссылка ] (Online, quick, easy and convenient solution to draft your Will)
Wills & Estate planning are referred to a third party. Neither Dunham McCarthy Financial Services Ltd or PRIMIS are responsible for the service received. These services are not regulated by the Financial Conduct Authority and may have limited consumer protection.
***Your home may be repossessed if you do not keep up repayments on your mortgage***
Dunham McCarthy Financial Services Ltd is an appointed representative of Primis Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority.
Chapters;
00:00 Intro
00:45 What is Exchange of Contracts?
1:23 What is completion?
2:31 How long is the delay between Exchange and Completion and what risks are involved?
3:49 Minimising the risk
#exchangeofcontracts #mortgageadviceuk #conveyancing
