Julie Atkinson

What do you do if you have already Exchanged Contracts? Is the Contract legally binding?

Post by: Julie Atkinson 26/03/2020 0 comments 53 views

Even in the last few days Estate Agents have reported a drop in house viewings by 75% and now they have stopped completely.  Some Agents are arranging remote or video viewings in order to facilitate the needs of clients.

Advice from the Government is to avoid moving to a new house at this time. People can continue to look online and even obtain quotes from Solicitors, Estate Agents and others.  If a sale is agreed, we are able to progress the legal side of the transaction, thus allowing a swift move to exchange and completion at the point where all parties are in a position to physically be able to move.

If your matter is already ongoing work can still continue to get the matter to the point of exchange.

However, some of our clients will have already exchanged Contracts. So, how can we help?

The government advice is that if you NEED to move you still can. However, you may have difficulties in getting removals. The best advice has to be to try and agree a new completion date with your seller or buyer.

Every transaction is different and at this stage we advise you to contact the team at Ringrose Law to discuss your individual case. We can advise you what to do and the next best steps to take.

Please contact us on 03333 580393 or email enquiries@ringroselaw.co.uk

 

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