30/05/2026
What does exchange of contracts actually mean? π‘
It's one of the most important moments in your whole property journey - but most people aren't sure what it actually involves until they're in the middle of it.
Here are the three things you need to know:
One - it's the point of no return. Once contracts are exchanged both parties are legally committed. Your move is happening.
Two - your completion date is set. Exchange is when your moving date becomes real and confirmed for everyone in the chain.
Three - your deposit is transferred. At exchange your deposit moves across legally. This is why having everything in order before this point matters so much.
At Priory Law you'll always know who is looking after you. We'll make sure you understand every stage before you get there - clearly, calmly and without the jargon.
We understand it's personal. Because it really is.
Come and say hello and find out what feels like.
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