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Exchange of contracts and completion date

Teaandtoast0124
Teaandtoast0124 Posts: 150 Forumite
in Mortgages & endowments
Just a quick question. Due to exchange contracts with solicitor next week on a new build home. The house is not complete yet. My question is does the builder have to give an exact date of when the house will be built (completion date) Or is it a rough date? I would prefer an exact date? But we all no problems can arise i.e weather etc.

Thanks :-)

Comments

  • amnblog
    amnblog Posts: 12,784 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It is a target date, it can be delayed and often is.

    Building And development is not an exact science.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • Teaandtoast0124
    Teaandtoast0124 Posts: 150 Forumite
    Ok thanks for the fast reply
  • Keith
    Keith Posts: 2,924 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    We bought a house that had been part exed for a new build.

    Offer was accepted in May for late July, latest August completion.

    Ended up completing in mid November due to delays on the build.
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