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Notice to complete - Grace period
VT41
Posts: 78 Forumite
The seller of the place wants a completion date which with the notice to complete grace period ( 10days) will take us into June.
Obviously if all is fine and we complete on the desired completion date then there is no issue, however if something does cause a delay in completion and we go into the grace period into June 2021, i'll be liable for stamp duty.
My solicitor has as a result requested a reduction in this grace period and the vendor solicitor is being difficult.
Are requests for reductions in grace period the common? Any advice?
Obviously if all is fine and we complete on the desired completion date then there is no issue, however if something does cause a delay in completion and we go into the grace period into June 2021, i'll be liable for stamp duty.
My solicitor has as a result requested a reduction in this grace period and the vendor solicitor is being difficult.
Are requests for reductions in grace period the common? Any advice?
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Comments
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Have you exchanged?VT41 said:The seller of the place wants a completion date which with the notice to complete grace period ( 10days) will take us into June. - what do you mean eg you agree from now that the date is 1st July and complete within 10 days, or open ended ie in the future they can serve a notice to complete and completion will be 10 days after that?
Obviously if all is fine and we complete on the desired completion date then there is no issue, however if something does cause a delay in completion and we go into the grace period into June 2021, i'll be liable for stamp duty. - already in June, do you mean July?
My solicitor has as a result requested a reduction in this grace period and the vendor solicitor is being difficult.
Are requests for reductions in grace period the common? Any advice?
Is anyone buying a new build?
What exactly did the seller say?0
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