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I've heard of it. I don't know how you can make it work unless the property is empty, all the way down the chain if relevant.
jellybaby-
I can only imagine it requires a certain amount of trust along the chain. That and you would need some sort of pre-exchange agreement a week or so out to allow for booking removals.
One reason for it I read was to avoid the risk of any party getting ill with Covid in the intervening period. But then that could happen just before a simultaneous exchange/completion anyway.
We are reasonably lucky in that our buyer is a FTB in a rolling rental, and our vendors are moving in with family/have probably already moved. In fact, we are pretty friendly with the vendors and were hoping to chance our arm to get in a couple of days early to start moving stuff and doing things like ripping up the exposed carpet grippers so mini_com can actually walk about without getting impaled immediately.
Selfishly, having a kid has helped grease some of the more stubborn wheels in this process. The "please, my child, she very sick" type emails seem to illicit a more human response from the paperwork droids than yelling.
stevo_com
Hearing rumours of some parties insisting on simultaneous exchange and completion. Anyone who has bought/sold recently or know someone who has care to share their experience of this being a thing? If so, what are the pros/cons?