In The Process Of Buying A Traded-in House, Slightly Confused?

[midlife]

It's normal to pay a deposit of usually 10% on exchange of contracts. Might your memory be playing you tricks or are you the 1 in 1m housebuyers who has never had to do this?



I didn’t suggest anything if the sort.

That's a shame because TW are the vendor so there isn't any point negotiating with anyone else. You do it via your solicitor.[/QUOTE]

Just out of curiosity, do TW ever have title over the house being part exchanged. ?

 

[alicat]

Just out of curiosity, do TW ever have title over the house being part exchanged. ?

Probably not - there will be back to back contracts with ownership missing out TW to avoid them paying Stamp Duty Land tax.