Exchange of contracts is when your purchase becomes official. You and the seller sign identical contracts, your solicitors swap them over the phone, and you pay your deposit (typically 10%). This moment secures your agreed price and completion date – no more gazumping worries. Both parties are now legally committed to the sale, giving everyone certainty to plan with confidence.
ClozeSure's guarantee ensures your deposit stays protected throughout.
Your exchange checklist protects your purchase. Every detail matters: approved mortgage offer with conditions cleared, completed property searches revealing no nasties, buildings insurance locked in from day one, your 10% deposit ready to deploy. Plus, agreement on completion dates and what stays – those fitted wardrobes, that garden shed. Get everything lined up before exchange and you'll sail through to completion. Missing pieces mean costly delays.
Let ClozeSure help you stay on track.
The right solicitor turns exchange and completion from daunting paperwork into smooth sailing. They'll juggle multiple parties, manage six-figure transfers, and ensure every document's watertight. At exchange, they protect your deposit and confirm matching contracts. At completion, they handle complex fund transfers. Most importantly, they navigate that crucial 7–28-day window keeping deals secure. ClozeSure adds another protection layer – if buyers pull out after exchange, sellers still get paid.
Discover how we protect your sale.
The timing between exchange and completion can make or break your moving plans. Most buyers wait 7-14 days, though it can be anywhere from same-day to several weeks. This window lets you book removals confidently and handle final preparations. Your solicitor will negotiate this timeframe during exchange. First-time buyers often prefer longer gaps for peace of mind. Want to keep your exchange and completion on track?
Let's talk about your timeline.
The gap between exchange and completion isn't dead time – it's your chance to nail the details. While mortgage funds flow from lender to solicitor and final checks happen behind the scenes, you're booking removals, switching utilities, and packing with confidence. This breathing space means no last-minute panic. Most buyers find 7-14 days perfect for a smooth transition.
Use this window wisely and you'll walk through your new door stress-free.
Completion is the day you've been waiting for. Your solicitor transfers the remaining purchase money to the seller's solicitor, and once confirmed, you collect your keys from the estate agent. You're now the legal owner. The gap between exchange and completion gives everyone time to organise removals and final checks. Same-day exchange and completion is possible but risky.
Need help coordinating your timeline? ClozeSure can streamline the process.
Smart buyers know timing is everything. The sweet spot between exchange and completion? Usually 7-28 days – long enough for funds to clear and plans to solidify, short enough to maintain momentum. Same-day exchange and completion sounds tempting but leaves zero room for hiccups. Wait too long and you're juggling overlapping costs. Get the balance right and your move flows smoothly.
ClozeSure helps you coordinate timings that work for everyone in your chain.
Exchange and completion aren't just a process – it's protection. Your 10% deposit locks in commitment, legal contracts bind both parties, and clear deadlines keep everything moving. If issues arise after exchange, you've got legal backing to claim costs or keep deposits. This framework safely handles transactions worth hundreds of thousands. ClozeSure adds extra security, guaranteeing sellers receive their agreed price even when surprises hit between exchange and completion.
Peace of mind, built in.
In a property chain, your exchange and completion affect everyone. One wobbly link can topple the lot. Smart chains build in 14-21 days between exchange and completion – flexibility without unnecessary delays. But chains could fail. Buyer situations can change, mortgage might fall through. That's where ClozeSure changes everything. Our guarantee means even if your buyer pulls out between exchange and completion, you're protected.
No broken chains, no lost sales.
Secure your position today.
Your property journey extends beyond completion day. Post-completion, solicitors handle Land Registry updates and stamp duty payments. The full process from offer to ownership takes 8-12 weeks. But what if something goes wrong between exchange and completion? ClozeSure eliminates that risk. We guarantee sellers receive their full agreed price, even if buyers default. That's real protection when you need it most.
Get your ClozeSure guarantee and move forward worry-free.
