• Is The New Build House I Am Buying Safe Before An Exchange Of Contracts

    By Guest on 08th Mar 2019

    Basically I reserved a new build house but due to the valuation being undervalued I had to go to another lender and the 6 weeks deadline for the exchange passed. Right now my solicitor is waiting on answers to her enquiries (which are still pending after 2 weeks) before we can sign the exchange of contracts but may worry is the plot is still being advertised and as I have not exchanged yet can someone purchase from under me???

  • 2 Answers

    By Guest on 09/03/2019

    Yes, though it would be rare. Until contracts are exchanged the seller is not bound to sell to you.

    www.notaryexpress.co.uk

  • By Guest on 09/03/2019

    Thank you for your reply! My solicitor has said she will chase them up so we can do the exchange once her enquiries have been answered! Hopefully no one beats me to the punch in the meantime!

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