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FTB wants to delay completion..

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Comments

  • R_P_W
    R_P_W Posts: 1,526 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Have you exchanged?
  • Ciderarmy1987
    Ciderarmy1987 Posts: 451 Forumite
    What is your reason for wanting to push the sale through quicker?

    I think that they have a perfectly justifiable reason for wanting to delay completion whereas you just want to push it through quicker so that you can get in your house quicker.

    I as long as you exchange as soon as possible I dont really see how you are put out
    Now buying our second house:
    Accepted offer 16/12/18. Offer accepted 26/1/19. Buyer pulled out 4/2/19. Accepted new offer 13/2/19

    FTB: Offer accepted 23/2/2013 Mortgage application 28/2/2013 Valuation: 4/3/2013 Valuation ok 15/3/2013 Mortgage Offer 21/3/2013 Exchange 10/4/2013 Completion 26/4/2103
  • wannahouse
    wannahouse Posts: 381 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    notsurewhereIstand wrote: »
    Good points ValHaller, thanks.
    Are 'whole month' clauses common in tenancy agreements? i.e. you must give notice by a certain date or you have to stay for the whole of the month.
    yes.
    its standard for an assured shorthold tenancy.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    notsurewhereIstand wrote: »
    Good points ValHaller, thanks.
    Are 'whole month' clauses common in tenancy agreements? i.e. you must give notice by a certain date or you have to stay for the whole of the month.
    See

    Ending/Renewing an AST (what happens when the Fixed Term ends?)(What is a Periodic Tenancy?)(How can a LL remove a tenant?)(How can a tenant end a tenancy?)
  • notsurewhereIstand
    notsurewhereIstand Posts: 99 Forumite
    Ciderarmy1987 wrote: »
    ... you just want to push it through quicker so that you can get in your house quicker...

    You are making a wrong assumption there.
  • GDVS
    GDVS Posts: 134 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I'm in that situation, I'm the FTB and if my notice isn't in tomorrow I'm tied to this place until September. The vendor was told she can have any completion date she wants in the last two weeks of July providing we exchange contracts tomorrow in time for me to get my notice in to the letting agency.

    If she doesn't exchange in time tomorrow she can pick any completion date she wants in the last two weeks of August or pony up the cost of my extra month's rent and council tax, not negotiable.

    My understanding is this is pretty standard for a first time buyer.
  • notsurewhereIstand
    notsurewhereIstand Posts: 99 Forumite
    GDVS wrote: »
    ...the cost of my extra month's rent and council tax, not negotiable....

    Are the costs of the place you're buying higher than the current place?
  • ValHaller
    ValHaller Posts: 5,212 Forumite
    1,000 Posts Combo Breaker
    notsurewhereIstand wrote: »
    Are the costs of the place you're buying higher than the current place?
    Not sure your question is relevant. Essentially, GDVS is just not wanting to pay for his rental for more than 2 weeks beyond completion
    You might as well ask the Wizard of Oz to give you a big number as pay a Credit Referencing Agency for a so-called 'credit-score'
  • GDVS
    GDVS Posts: 134 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    notsurewhereIstand wrote: »
    Are the costs of the place you're buying higher than the current place?
    Yes but not relevant. I will accept a two week overlap where I'm paying for two properties, I will not accept six weeks or more. I have no need to move in a hurry, a month's delay will be annoying but less so than the financial loss of not delaying.
    ValHaller wrote: »
    Not sure your question is relevant. Essentially, GDVS is just not wanting to pay for his rental for more than 2 weeks beyond completion
    ^^^ This
  • Auntie-Dolly
    Auntie-Dolly Posts: 1,008 Forumite
    Perhaps you could offer to pay the 2 weeks rent if it helps you to move quicker.
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