🎉 Congratulations! Contracts Exchanged! 🎉
🎉 Congratulations! Contracts Exchanged! 🎉(aka “the point of no return - in the best possible way”)
âś…What this milestone means
What this milestone meansYou’ve signed, your buyer has signed, deposits are transferred, and the solicitors have “exchanged” identical contracts. From this moment the sale islegally bindingand your completion date is locked in. Champagne is permissible.
legally bindingđź’ˇWhy exchange is a game-changer
Why exchange is a game-changer1.Certainty– neither side can walk away without hefty penalties.
Certainty2.Scheduling– movers, utilities and schools can all be booked with confidence.
Scheduling3.Financial clarity– your solicitor can now settle mortgages, agent fees and transfer net proceeds on completion day.
Financial clarity🛠️What’s happening in the background
What’s happening in the background•Your Conveyancer– holds the deposit, updates the Land Registry for pending completion, and schedules fund transfers.
Your Conveyancer•Buyer’s Lender– locks in mortgage draw-down for the agreed completion date.
Buyer’s Lender•Open Moove– flips your milestone tracker to “completion countdown” and notifies every link in the chain.
Open Moove📌What you need to do now
What you need to do now1. Confirm yourMoove Smoothbookings (removals, storage, utility switch, etc).
Moove Smooth2. Make sure your solicitor has clear bank details for surplus sale proceeds.
3. Begin a “last-week” checklist: redirect post, notify insurers, and arrange final meter readings.
âŹď¸ŹWhat to expect on Completion Day
What to expect on Completion DayThis is just an example!
This is just an example!09:00–11:00:Buyer’s lender releases funds to their solicitor.
09:00–11:00:11:00–13:00:Funds arrive in your solicitor’s account; mortgage (if any) is redeemed.
11:00–13:00:13:00–14:00:Your solicitor calls the estate agent to confirm completion.
13:00–14:00:From 14:00:Keys are released to the buyer.
From 14:00:End of Day:Solicitor transfers net proceeds to your bank, minus fees.
End of Day:đź””Top tips for a drama-free completion
Top tips for a drama-free completion1.Be packed the night before– removal vans at the door while funds are still “in the ether” is pure stress.
Be packed the night before2.Keep valuables with you– passports, jewellery, and pets travel in your car, not the removal van.
Keep valuables with you3.Stay reachable– keep your phone on loud; your solicitor may need a rapid confirmation.
Stay reachableBreathe - exchange is done, completion is a countdown. Any niggles? Ping MeredithAI in the Moove Room. See you at key-handover!
Breathe - exchange is done, completion is a countdown. Any niggles? Ping MeredithAI in the Moove Room. See you at key-handover!MeredithAI
MeredithAI