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What are the downsides of simultaneous exchange and completion?
As you say, it’s mostly that you don’t have certainty the move will happen before you have to hand over the keys. Makes it hard to plan removals etc if you are in a chain. There is a risk you end up homeless if you have sold your house without managing to buy another.
If you are an FTB / cash then it’s probably fine.
NickCJ
aggi
What are the downsides of simultaneous exchange and completion? Is it mainly the lack of certainty on organising stuff, chance of losing on moving fees, etc or some bigger risk?
Someone down the chain is insisting on a covid clause and this is an option to stop that disrupting anything but I'm not particularly keen.