Professor Property Advice
Can you please explain to me what ""transfers by exchange before the properties are transferred on to the new owner"“. On the Land Registry, a house appears to get sold twice within a few days or couple of weeks.
My understanding is that a transfer by exchange is basically a swap, e.g. a building for a plot of land. I have heard of cases where two parties agree to sell a property, and exchange contracts, but with a clause which enables the details of the buyer to be changed pre-completion. This could be what you're describing, but I cannot be sure.
Back to Legal»