We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
What a nightmare... advice needed!
Sibbers123
Posts: 324 Forumite
I put down a deposit of £1,000 for a new build house with a developer. The survey for the mortgage was due to take place today.
However, I got a phone call yesterday evening saying the developer is selling it to someone else. They only accepted my offer a week ago!
What is my recourse of action in this situation? My deposit was just a BACS transfer to the developers bank account.
What is my recourse of action in this situation? My deposit was just a BACS transfer to the developers bank account.
0
Comments
-
What were the terms of your deposit?All shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have, not could of.0 -
You'll be entitled to the deposit back - is that all you're asking about?
0 -
Did they confirm you had it reserved for a month?0
-
It’s one sided, you just get your deposit back. Just like every other buying/lettering process in UK.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards