3 Month Delay to New Build and Ending Up Significantly Out of Pocket

sh856531

user1977 said:

So when is the longstop date? Obviously you've got a rather better negotiating position if you offering to not exercise your right to walk away, but not sure if you're hitting that yet.

It would be Mid June + 6 months so not for some time yet. To be honest if we had to rent emergency accommodation for a full 6 months only to pull out of the deal it would be financially disastrous. We have a baby arriving in Jan so it doesn't even bear thinking about

Many thanks

AdrianC

sh856531 said:

We agreed to purchase a new build home from a major house builder in Feb. The expected completion date was mid-June.
...
The house builder has moved the build date 4 times now, 1 time forwards, and 3 times back. It is now estimated for completion in Mid-September.

What's your long-stop date?

Does anyone know if we have any recourse here other than relying on the house builder's sense of fairness?

If/when they hit the long-stop, you can walk away from the contract you exchanged.

Just to be clear - I understand completely what the contract says, and yes I did sign it. It essentially says that the house builder and can delay as much as it wants up to 6 months

So the long-stop is mid-June plus six months, so mid-December?

Then there's your answer.

The contract is extremely one sided

You didn't have to agree to it.

You didn't have to buy an off-plan house.

Them's the risks of buying an off-plan house at a time of serious materials and labour shortages during a global pandemic just after the single most major political and economic disruption this side of wartime.