My question is, what risks are we exposing ourselves too if we exchange contracts 2 months before completion.
You can buy insurance against this, IIRC
Building insurance or something to cover failure of contracts?
Not buildings specifically - just insurance to cover all related costs / losses. Your mortgage broker would be itching to sell it to you.
@Hovis started
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
You can buy insurance against this, IIRC