Which of the following is a pre-contract matter you would check before exchange, and why is it important?

• A. Check that the buyer's lawyer has received satisfactory search results and mortgage offer, authority to exchange, no outstanding pre-contract enquiries, deposit arrangements, method of exchange; to ensure readiness and duty compliance.
• B. Check only the draft contract so as to speed up exchange.
• C. Check the weather forecast for moving day to avoid delays.
• D. Check the seller's personal preferences for interior decorating.

Answer: (A)

Before exchange, you must verify everything that underpins a smooth and enforceable sale. The main idea is that pre-contract checks establish readiness and protect both sides by confirming the buyer can complete and that there are no hidden issues that could derail the deal later.

Checking that the buyer’s solicitor has received satisfactory search results and a mortgage offer, that there is authority to exchange, that there are no outstanding pre-contract enquiries, that deposit arrangements are in place, and that the method of exchange is agreed covers the essential practical and legal safeguards. Satisfactory searches help reveal potential title or environmental issues that could affect completion or value. A valid mortgage offer shows funding is secured, reducing the risk of the buyer failing to complete. Authority to exchange ensures the person signing is empowered to bind the client, which prevents unenforceable contracts. Resolving outstanding pre-contract enquiries avoids later surprises or misrepresentations. Clear deposit arrangements confirm funds are ready, and agreeing the method of exchange avoids procedural hiccups. Together, these checks ensure the transaction is legally sound, financially viable, and capable of meeting completion timelines.

The other options miss the fundamental purpose: focusing only on the draft contract omits broader due diligence; checking the weather forecast or decorating preferences has no bearing on whether the contract can be completed.