Missing Exchange Date

g40lew

Hello,

After some advice, previous stories etc. We reserved a plot with Charles Church and were advised we would have to exchange after 35 days which we thought wouldn't be a problem. However our mortgage application has been a little more complicated then expected and as we are currently living with parents and everything we have is paperless getting I.D to the solicitor also took some time.

Now my questions is how flexible are developers on their Exchange dates? Any horror stories of forfeiting reservation deposits etc? I am really worried as the new plots for sale have gone up around 5% since we reserved on the same development.

Are developers normally a bit flexible if we are close to being able to exchange?

Thanks

Landofwood

I've heard stories of both the developer being flexible and stamping their feet. You should expect a bit of both.

You may wish to use this as an opportunity to review whether buying a Charles Church home is really a good idea. You may find the next few years of your life are spent chasing them to fix things.