COVID-19: Although our offices are closed until further notice, our teams are still working and can be contacted by phone, email or live chat. Click here for more information.

What is exchange of contracts?

When you buy or sell a property, the buyer and seller each sign a copy of the contract which details the terms of the agreement. Once both parties are happy to proceed and have signed to say so, the contracts are literally ‘exchanged’ between the parties’ solicitors. At this point the sale and purchase is legally binding on the parties. The contract will also state the completion date.

Back to FAQ