We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
new build exchange
Options
kieron79
Posts: 149 Forumite
hopefully going to put reservation fee down on new build tomorrow, sales agent has stipulated exchange needs to occur within 6 weeks.
first question:
is this a moveable date in peoples experience as it seems tight?
secondly:
we are due to exchange on our property on Thursday (we will be going into rented whilst new build gets built) but completion looks like 4 weeks away. how if in any way will this affect placing a reservation fee down? will we need t have completed on ours before we exchange on the new build?
Hope this makes sense!
first question:
is this a moveable date in peoples experience as it seems tight?
secondly:
we are due to exchange on our property on Thursday (we will be going into rented whilst new build gets built) but completion looks like 4 weeks away. how if in any way will this affect placing a reservation fee down? will we need t have completed on ours before we exchange on the new build?
Hope this makes sense!
0
Comments
-
In my experience, as long as everything is visibly moving along from your side, visible to the developers solicitors I mean, then the exchange date on the new build could be flexible and pushed back. They just need to see it is all moving forwards.
It shouldn't affect reserving the new build. Usually all they require is that you have accepted a viable offer on your current property, so shouldn't be an issue. We reserved a new build (didn't end up buying it!) and all I had done was accepted an offer on my current property - no further.0 -
Thanks, that is very reassuring to know0
-
I reserved a new build at the end of January and still haven't concluded missives! (Scottish equivalent of exchanging) It's being held up by my buyers solicitor who is extremely slow. The builder is aware of all this and I'm assuming is okay with it so far as it avoids them having to take my house in part-ex and all the hassle that holds for them.0
-
phew, thanks, looks like we will be good to go tomorrow then!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards