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Private House Exchange

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Would appreciate some advice from any Conveyancing Solicitors or anyone who has successfully done this !!

Our property has been on the market for 16 weeks with quite a few successful viewings and one offer which we accepted (but problem with buyer's mortgage - so we are in limbo).

The reason for us moving is purely location (local school) and we know exactly the type of property we want in the exact area - I am toying with the idea of seeking "property exchange" like for like (I know the properties in the area we are seeking are going to be around the same value as our own) and having looked on tinternet assume the only costs are going to be solicitor's fees/searches/ building society mortgage fees etc?

Obviously as this is a private home exchange and we have an outstanding mortgage would this be easy to arrange?? - it could be if we do find a home owner that would like to swap with us they may not have a mortgage ?? Are there any implications, does that matter ???

Another bonus of moving this way is to be free of any "CHAIN" which is very favourable.

Anyone have any thoughts/suggestions??

Thanks in advance :rolleyes:

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