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Delayed completion
Comments
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why not put your furniture in the garage overnight and get the flooring guy in the next morning after you move ?0
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Jorgan wrote:Can't you get the builder to allow your trades people a few days before completion takes place. You will probably have to get some form of undertaking signed by your solicitor.
If you fail to complete on the day stated in the contract the builder can charge interest, all depends how it worded in the contract.
This is a standard purchase contract clause. Anyone selling a property will have a clause allowing them to charge interest to the vendor for failing to complete.0 -
Maybe I'm being stupid (FTB to be after all!) but after you've completed and got the keys - why do you "have" to move then. Can't you let your contractor loose for the day and "move in" tomorrow?
Bound to be a sensible answer to this - but I had to ask ! lolNever attach your ego to your position....0 -
Arch-Angel wrote:Maybe I'm being stupid (FTB to be after all!) but after you've completed and got the keys - why do you "have" to move then. Can't you let your contractor loose for the day and "move in" tomorrow?
Bound to be a sensible answer to this - but I had to ask ! lol
If the OP is selling a property to buy a new one, he/she maybe completing on both on the same day. He/she will have to arrange to put furniture into storage & arrange to stay with friends/family/hotel while work is being done.0 -
Perhaps I'm in the minority but I agree that the OP is expecting abit much in in expecting the buliders to delay completion so that they can do up the house in a fashion that they want.
Can anyone honestly say that they would allow work to be done on their house before the sale was complete - so why would we expect in a NB?2014 Target;
To overpay CC by £1,000.
Overpayment to date : £310
2nd Purse Challenge:
£15.88 saved to date0 -
POORBUTHONEST wrote:Just a quick question to anyone who may know the answer: Am buying a new build and have exchanged contracts, all well and good. However, we would like to delay the completion date (already agreed) to have some flooring laid. Builder says we will be charged 'interest' as we are not completing as agreed.
Is this the case, or are they just trying it on??
Thanks for any help.................PBH.
You say completion date has already been agreed ... is it stated in the contract? If so, then I think you're bu88ered as you have a legal contract specifying completion dateWarning ..... I'm a peri-menopausal axe-wielding maniac0 -
As bossyboots says this is a standard contract clause.
We purchased a property earlier this year. We had exchanged contracts and then on the morning of completion the lender raised queries and we could not complete.
We then got served a 'notice of completion' and charged for this (about £150 I think) and then got charged interest on the purchase price until the day of completion.
You have signed a purchase contract and agreed a completion date. The contract is a legally binding contract. You will get charged interest if you want to delay completion, it could well be that the interest charge would be more than the cost of a professional to do the job who would have the relevant insurances.Don't lie, thieve, cheat or steal. The Government do not like the competition.
The Lord Giveth and the Government Taketh Away.
I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)0 -
Thanks to all have replied, I can appreciate the different ponts of view - now have the answer to my original question!!
It will be a pain moving into a house with no flooring though.....0
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