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28 day exchange on new build?
tillylou
Posts: 15 Forumite
We have been looking at new build properties (Taylor Wimpey) and they have said that they require a 28 day exchange. Does anyone know if there is likely to be any flexibility on this? For example if they know you have searches proceeding etc. I spoke to a local agent today and they told me that the current turnaround is around 8 weeks to exchange due to slow searches and various other delays.
I am reluctant to start things earlier on my end as I am already aware that there will be a delay for my buyers because we will need to wait until the property we are buying has been fully built before we can complete!
I am reluctant to start things earlier on my end as I am already aware that there will be a delay for my buyers because we will need to wait until the property we are buying has been fully built before we can complete!
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Comments
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They will sometimes flex slightly, but may pull the house out from under you if at any time they think someone else will be quicker than you.
I wouldn't touch a TW house with a 10 foot pole...0 -
Bellway gave me 6 weeks although there will be some flexibility. Both myself and my buyer had mortgage offers issued today, 2 weeks after making the reservation so it's looking as good as it can do so far for exchange at the start of September.0
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We had 28 days with DW. We exchanged yesterday and it took a total of 5 weeks. They do not get pushy and just waited until sorted. It will depend on the builder and the hold up.0
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We reserved our house from CrestNicholson 6 weeks ago on a 28 day exchange agreement but they are not very strict on that. I think all builders are flexible on 28 day exchange.0
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Most builders are flexible as long as you're making progress.. many people exchange within 6-8 weeks with a 28 day agreement.. I guess without 28 day agreement people will just take their time and the whole process can take much longer0
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They will sometimes flex slightly, but may pull the house out from under you if at any time they think someone else will be quicker than you.
I wouldn't touch a TW house with a 10 foot pole...
Do you mind me asking why? Is it related to the quality of the build/aftercare/something else?0 -
Depends on whether it's already built or off plan as well
Usually some wiggle room unless it's particularly close to a year end/ half year0
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