An exchange of contracts will usually happen 4 weeks after your interview with an IFA.
During this time:
- Your mortgage lender and solicitor will be preparing the legal work.
- A valuer will inspect your new home on behalf of your mortgage lender.
- Your mortgage lender will need references about you from your employer, bank and landlord.
- Your solicitor will arrange an appointment to sign your contract.
Once you've exchanged contracts, you will reach the end of your journey. Time to move on to Step 8, Completion.