What is Exchange of Contracts?

What is Exchange of Contracts? Exchange of contracts binds buyer and seller - until that point, either party can walk away. Exchange of contracts is the point in a conveyancing transaction where buyer and seller become legally bound to then complete the sale/purchase.  Up until that point, either party can [...]

2025-07-03T10:26:41+01:0018 August|Conveyancing, Exchange of Contracts|

What is a Contract Pack?

What is a Contract Pack? The Contract Pack includes the (draft) sale Contract, together with the Seller's Property Information Forms. The solicitors contract pack (sometimes called the conveyancing contract pack) is the first stage of any conveyance.  It includes the draft contract, and various forms completed by the seller(s).  Here [...]

2025-07-03T10:25:22+01:004 August|Contract Pack, Conveyancing|
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