Can I exchange and complete contracts on the same day?

This is a question we often get asked and whilst it is possible and does sometimes happen, it can be very stressful for the parties involved. The reality of any move is that you need to plan for it and exchanging and completing on the same day makes it very difficult to arrange things such as removals and the forwarding of post.

If the worse happens and things go wrong, you’re left with no time to put things right. You need to be in a situation where your house is all fully packed up, your ready to go, and your simply waiting for contracts to be exchanged so that you can get the ball rolling. This can leave you vulnerable to an unscrupulous seller who may decide that they want to make extra demands at the last moment and because you’re all primed and ready to go, you feel obliged to give in, rather than negotiate.


Exchanging and completing on the same day is a lot simpler if you and the seller are chain-free or if you are a cash purchaser. Once more people are involved in the process or there are mortgage companies involved, exchanging and completing in such a short time becomes a lot more problematical. Some mortgage lenders require a minimum period to transfer funds such as five working days so you need to be mindful of this. In order for exchange and completion to go smoothly you should ideally transfer the funds to your solicitor they day before the move so that there are no money transmission problems.

For more advice about exchanging and completing contacts, please get in touch.