Step 7 - Exchanging Contracts

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.