Completion date drama

AnotherJoe

rtho782 wrote: »

It could be much much worse - your LL could insist on a new 12 month tenancy and evict you if you insist on staying on periodic. Then you'd have to move into a BnB until completion.

Of course they wouldn't. they wouldn't have to sign the contract and if they issued eviction procedures that would take far longer than the month that's at issue here.

rtho782

AnotherJoe wrote: »

Of course they wouldn't. they wouldn't have to sign the contract and if they issued eviction procedures that would take far longer than the month that's at issue here.

Ha, that's one very selfish antisocial way to go about it I guess

AdrianC

Greenlady wrote: »

It wasn't until you mentioned materials etc that I noticed I've applied wrong word. English is not my first language and I ended up calling a developer a builder (which we would do in my mother tongue). :eek:

The last people in the chain are moving to a resort like development from I gather.

OK, fair enough. But that still means the three week delay is costing them money. They want to get the money in for the property they're selling, and they want to get on with marketing the one that's been PXed for it.

I got on to the landlord straight away as we had just missed our notice by two days but he wasn't flexible.

That's a pity. It really isn't going to cost him any more.

Dan-Dan

rtho782 wrote: »

Ha, that's one very selfish antisocial way to go about it I guess

rtho782

Going by the details of our mortgage offer, you actually go from paying rent in advance, to paying mortgage in arrears, so even an entire month of overlap shouldn't actually mean you are making more than one payment in a pay period.

Also, when you get your deposit back, that will cover a chunk of the first mortgage payment.

If you're buying a house your finances should not really be as tight as to be worrying about a single rent payment

Greenlady

AdrianC wrote: »

OK, fair enough. But that still means the three week delay is costing them money. They want to get the money in for the property they're selling, and they want to get on with marketing the one that's been PXed for it.



That's a pity. It really isn't going to cost him any more.

It's the developer that had missing papers just as we were about to agree on dates and that's when we missed the notice. So all we're asking is that instead of going with the dates originally on the table (6th or 13th May which everyone had already taken for granted) we complete 27th May or thereabouts - later rather than sooner.

AdrianC

Greenlady wrote: »

It's the developer that had missing papers just as we were about to agree on dates and that's when we missed the notice. So all we're asking is that instead of going with the dates originally on the table (6th or 13th May which everyone had already taken for granted) we complete 27th May or thereabouts - later rather than sooner.

So you want to change EVERYBODY in the chain to suit you. They're saying "Sorry for causing a delay, but we are OK to go with the original dates."

kinger101

rtho782 wrote: »

Going by the details of our mortgage offer, you actually go from paying rent in advance, to paying mortgage in arrears, so even an entire month of overlap shouldn't actually mean you are making more than one payment in a pay period.

Also, when you get your deposit back, that will cover a chunk of the first mortgage payment.

If you're buying a house your finances should not really be as tight as to be worrying about a single rent payment

It depends on the lender, but OP should definitely check given one week's rent seems enough to tip them over the edge.

AdrianC

TBF, the difference between 6th and 27th is three weeks. Either way, they now have to vacate their rental on the 19th June.

Greenlady

rtho782 wrote: »

Going by the details of our mortgage offer, you actually go from paying rent in advance, to paying mortgage in arrears, so even an entire month of overlap shouldn't actually mean you are making more than one payment in a pay period.

Also, when you get your deposit back, that will cover a chunk of the first mortgage payment.

If you're buying a house your finances should not really be as tight as to be worrying about a single rent payment

I already asked mortgage broker clarification on that point. What portion of the mortgage comes out, say, if we get to an agreement for 19th May.

Things are tight. The house we had abroad had negative equity. The market never recovered unlike the UK. My husband is 46 and when we returned to the UK in 2014 we didn't do too bad, hence getting a mortgage now. We have OK pay stable jobs and managed a small sum for deposit.

But this is of course no one's fault other than our own. Everyone is holding on to their pennies.