Is the early termination fee negotiable?

Thrugelmir

Jhoney wrote: »

Yet they have no idea that they will complete prior to April first whoever they purchase from....:search::huh::shocked::doh:.

Choose the right property to buy. Still over 10 weeks to go.

Jhoney_2

Thrugelmir wrote: »

Choose the right property to buy. Still over 10 weeks to go.

But what property is that? New build = premium price, off plan? :whistle::undecided... possibly can kicking on the horizon. Auction - possible money pit more expenditure/not 'ready to rent' and the list of scenarios goes on.

Tell them to go find one, OP

Comedy

I have agreed with the buyer to split the fee. So I will be down about £3k on the asking price. They increased by £2k.

I do not mind being S.O.L. on the fee although it would be very nice to receive that bonus on top.

The buyer would definitely look elsewhere if I were to ask for the remainder to be included in the price and we are quite a degree through the process.

I think really my only course of action is to ask the lender if they are willing to negotiate on the fee for the sake of good customer service. If they say no then just eat it.

Thanks for all your input everyone.