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NotThamesWater
Hovis
Just had an offer we put on a house accepted. Wahey! Only downside is the seller is saying on the condition that we delay completion until March. They are emmigrating then and are also expecting a baby in 4 weeks, so they want to avoid having to move twice. They are keen to exchange as quickly as possible though.
My question is, what risks are we exposing ourselves too if we exchange contracts 2 months before completion. From what I understand, after exchange we become responsible for the property and thus will need to get building insurance, but is there anything else I should be thinking about?