What Happens After Exchange?

Once contracts have exchanged, the focus moves to progressing the client through to
finance approval, settlement preparation and ultimately settlement.

For an established property, the overall timeframe from exchange through to settlement can
generally be around 6–12 weeks, depending on the contract settlement period, finance
approval and any other requirements.

A key milestone is unconditional/formal finance approval.

Unconditionally approved generally means the lender has completed its assessment and
formally approved the loan, with no outstanding finance conditions preventing the loan from
proceeding to settlement. This is an important milestone because it gives the client and the
wider team certainty that finance is in place for settlement.