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New build delay
Ybe
Posts: 446 Forumite
After developer accepted my offer, they advised there’s a construction delay due to a legal issue involving a neighbouring property. They agreed to a long stop date 9 months in future which is fine for me. Is there anything else I should get clarity on before I reserve the property?
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Comments
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What if prices drop drastically? I suppose you could just drop out if you have a long stop date.
Also, do you need a mortgage? It will more than likely expire before completion. You'll need to reapply.
Just make sure you can drop out for any reason.2024 wins: *must start comping again!*0 -
Long stop date is in 9 months so I’d only be able to drop out if completion is delayed until after that date.hazyjo said:What if prices drop drastically? I suppose you could just drop out if you have a long stop date.
Also, do you need a mortgage? It will more than likely expire before completion. You'll need to reapply.
Just make sure you can drop out for any reason.0 -
What sort of "legal issue"?1
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