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.
📨 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!
Can we get our 10% deposit back? - New Build
utb100
Posts: 5 Forumite
thread closed.
0
Comments
-
If you had put a clause in the contract entitling you to walk away, then yes. But it doesn't sound like you did.0
-
do you understand what a contract is?
do you understand what it means to exchange contracts?
No? That much is obvious.0 -
Unfortunately an email probably won’t be legally binding. Has this date been written into the actual contract you signed? If so then you should be able to pull out. If not, then there is no breach of contract.0
-
Good lesson for the OP and others reading, always get things in writing and in contract, OP I'm afraid you have nothing to claim back and you will lose your deposit if you back out now. The joys of a new build.
Plus wouldn't you want your house to be done properly"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
Any paperwork you signed, handing over 10% deposit?0
-
good luck on finding a house you can now move into within next 4 weeks.0
-
My advice is that unless the contract you had states a given time frame for completion, which has now been missed, you have no grounds on which to demand a return of your deposit.As far as I’m concerned, they have broke their contract and we should be able to walk away with our 10% deposit. Please could somebody give me some advice? Thanks.
The email will not alter anything. Whose advice did you seek when deciding to act on the contents of the email? Did you use the developer's recommended solicitor?
I predict that, with luck, you'll be moving-in around mid-January.0 -
The delay is unfortunate and I can understand your frustration. However, a the delay is within reason. Some developers will even say that a delay within 3 months from a given date is reasonable. No deloper is going to accept a gun held to the head.
Buying a property can be an anxious and stressful experience riddles with stumbling blocks and unforeseen events.
If you are willing to walk away now, it means that you clearly didn't love the house enough. If you urgently need to relocate you can opt for temporary accommodation while your belongings are in storage.0 -
Tell us more about the email from the construction director. Was it just sent to you? Did you show it to your solicitor? Did you reference it in correspondence with your solicitor?
What was the exact wording?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.6K Mortgages, Homes & Bills
- 177.1K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards