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Completion date

We had a completion date agreed but on the day one of the banks delayed paperwork.we had days off work and a hire vehicle payed for, were does that leave us with our losses our wasted time and inconvenience.

Comments

  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 18 December 2020 at 12:51PM
    Had you exchanged? If not, nothing you can do.
  • If you've Exchanged, claim your costs.
    Do you have a conveyancer? If yes, ask. If no, sounds like you should have.
  • bonkhos
    bonkhos Posts: 16 Forumite
    Eighth Anniversary Combo Breaker First Post
    Exchange and completion on same day.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    bonkhos said:
    Exchange and completion on same day.
    Doesn't really answer the question, but I presume exchange was intended to have been simultaneous with completion, not something which had already happened earlier in the day. If you're not sure what happened or what your rights are, talk to your solicitor.
  • AskAsk
    AskAsk Posts: 3,048 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    bonkhos said:
    Exchange and completion on same day.
    this is the known risk when you have exchange and completion on the same day.  you have to take the hit.
  • saajan_12
    saajan_12 Posts: 5,760 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    bonkhos said:
    We had a completion date agreed but on the day one of the banks delayed paperwork.we had days off work and a hire vehicle payed for, were does that leave us with our losses our wasted time and inconvenience.

    If you had exchanged already, then you can claim your losses from the party that failed to complete. 
    If you hadn't exchanged / planned to exchange and complete on the same day, that means precisely that you hadn't 100% agreed to a completion date. If you go and spend money without confirmation then that's the risk you take. If you wanted to be covered, you should have waited until exchange before incurring expenses / days off etc. 
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