Which property?

typeractive

hethmar wrote: »

Id assume CX is the exchange and LC is the legal charge (completion).

So they are saying they would agree to you doing the required works after you exchange contracts (and are committed) and when the funds are released at completion.

Right. Thanks hethmar This may be the old 'how long is a piece of string' question, but generally what time frame would we be looking at for this period? In my case if it means getting the central heating in for the boiler AND the kitchen I don't know if I could get it done in time - whilst I might have the finances, I would want to take my time to think it all over - layout, and all that sort of stuff. :S

silvercar

"still feel offer is too low, also will not agree to a retention of funds but would agree to you havving time between CX and LC to do works required."

still feel offer is too low, = Want more money, but not ruling it out; bit more could be acceptable.

will not agree to a retention of funds Won't allow the solicitor to hold onto some of purchase money until work completed. Sometimes a seller undertakes to get some work done and the seller's solicitor retains an agreed some until both parties are satisified that the work has been completed. This allows completion to take place (releasing mortgage money) before all the work is done.

would agree to you havving time between CX and LC to do works required = So time between exchange and completion can be longer than usual to allow you time to get the work done before completion. You may be able to get a flexible completion dae, you can exchange with completion agreed at a date to be determined by you, but with an end date 4 months hence. So you just get on with the work and tell everyone when you are ready to complete. End date is there (a) to make sure you get on with it (b) to make sure you complete before your mortgage offer runs out.