These are contracts where a Buyer, agrees with a Seller, a purchase price for the Property. Contracts are exchanged and a deposit paid. However, completion is then delayed for a number of years which the Buyer and Seller have agreed in advance.

As part of this deal, in the period between exchange and completion, the Buyer would normally gain, in return for paying the owner’s mortgage, the right to rent out the Property and retain the rental proceeds.

On this site, we have an extensive database of articles on Exchange and Delayed Completion contracts.
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