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Builders have changed their mind after accepting an offer
Comments
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See post #5.steampowered wrote: »I think people's responses assume you are in England or Wales.
The legal situation might be different if you are in Scotland.0 -
Without even a secured reservation confirming the price agreed you don't have a leg to stand on I'm afraid.0
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Op I am so sorry. But there is nothing you can do. But the good news is that you have everything ready so that the next time you see a house you can move quickly.
Don't forget just as you can pull out at anytime before exchange so can they. I know that this is heart breaking but it happens.Happiness, Health and Wealth in that order please!:A0 -
That's the purpose of the reservation fee.. to secure the price and your position as the buyer. You wanted the flexibility of not losing out if you couldn't get a mortgage / Help to Buy, but you expect the builders to be locked into a particular price and buyer..
You haven't reserved that price until you've paid the reservation fee!0
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