Well, there is plenty of insanity still: - buyer can't walk away after exchange, but your mortgage provider can with impunity, screwing you up - There is no C

Well, there is plenty of insanity still: - buyer can't walk away after exchange, but your mortgage provider can with impunity, screwing you up - There is no CGT if you sell your first home, but tax duty (paid by the buyer) can be significant - buyer (well, buyer solicitor) is responsible for fetching all the documents. This can be a significant time cost. - let's not talk about the headaches from selling or buying a leasehold. But yes I agree that solicitor and agent costs are relatively cheap.