New Build - exchanging more than 6 months before completion. Mortgage expiry.

getmore4less

You have to have get out clauses in the contract.

if they are late,
price drops
financing difficulties
job loss
etc.

lodging a large deposit make sure it is ring fenced in case they go bust.

JPB123

Trollfever wrote: »

The sales person wants to boost their sales figures before the end of Q2.

Run away............fast.

28 Day exchange on New Build is very common. Speak to a specialist new build broker as there are products available that are designed specifically for New Build. Halifax, for instance, have one with a 6-month offer period and different rates to the mainstream market at 90%. I know your LTV is lower, but there are products available.

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You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.