Hello,
I'm hoping to buy my own place soon (going through the paperwork now). I have a query I'm hoping someone is able to shed some light on please.
My insurance company told me that they can insure my place from the moment I move in, basically when I get the keys.
But my solicitor is telling me that I'm responsible for my place in the moment of signature of the contract (more technically speaking the "contracts exchange moment").
But between the contract-exchange moment and the key-handling days can pass so I'm asking my solicitor if I could agree the 2 dates to be as close as possible.
But fingers crossed... What if something happens between the exchange of contracts day and the key handling day? Is it full responsibility of the buyer even if the same buyer cannot be fully insured yet?
Thank you.
G.
I'm hoping to buy my own place soon (going through the paperwork now). I have a query I'm hoping someone is able to shed some light on please.
My insurance company told me that they can insure my place from the moment I move in, basically when I get the keys.
But my solicitor is telling me that I'm responsible for my place in the moment of signature of the contract (more technically speaking the "contracts exchange moment").
But between the contract-exchange moment and the key-handling days can pass so I'm asking my solicitor if I could agree the 2 dates to be as close as possible.
But fingers crossed... What if something happens between the exchange of contracts day and the key handling day? Is it full responsibility of the buyer even if the same buyer cannot be fully insured yet?
Thank you.
G.