What happens during the ‘Exchange of Contracts’ ?

Exchange of contracts (EoC) is the point of the legal process where a binding obligation on both parties is created - for the Seller to sell and the Buyer to buy the property.

At any time up until the EoC point, either party could withdraw from the process without any penalty other than monies they have spent on surveys, mortgage application fees and similar costs....

At EoC  stage a completion date is normally mutually agreed when the transfer can and will be finalised.

On the day of completion the monies are transferred between the parties and, the keys to the purchased property are handed over to the buyer.

Buying a property

Buying a property is, usually, the most expensive commitment a person will make in their lifetime.

It need not be a complicated process, if you obtain professional help to guide you through the various progression stages of completing your purchase..

Some Brierley Hill Solicitors

Important Note: Some of these brierley hill solicitors may not offer legal services for property. Please use our quotation request form to compare quotations from solicitors that offer legal services for property, and with coverage for the brierley hill area. Because of our special agreement we are always cheaper than going to a panel solicitor direct.

  Firm: Blount MacNamara & Co
  Address: Kingstone House, Brierley Hill, DY5 3EH
  Telephone: 01384 480877
  Note: The brierley hill solicitor, Blount MacNamara & Co may not offer legal conveyancing services for brierley hill property.

  Firm: B Green
  Address: 28a High Street, Brierley Hill, DY5 2JW
  Telephone: 01384 566332
  Note: The brierley hill solicitor, B Green may not offer legal conveyancing services for brierley hill property.