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COVID between exchange and completion
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ss2020jd said:Sorry to hear this has happened after exchange.Our buyers failed to complete last week due to a problem with their buyers and they had to cancel their removals one day before incurring costs, not to mention stress and inconvenience for everyone.
As soon as the completion date/time noted in the contract passed there was a breach of contract and their solicitor asked our solicitor to serve notice to complete which makes its way down the chain and I believe then allows interest to be payable under the terms of the contract, and for any losses etc. It gives 10 working days to complete.
Your solicitor should be explaining and discussing this with you.I didn’t want to add further stress to our buyers by serving this at first (we are in rented and had already moved out) but when I saw that they were doing it to their buyer and their solicitor requested ours to do the same, I understood that it was the legal protocol that is followed in ‘rare’ cases like this.
I believe there was some wrangling between them and their buyer for losses I think the solicitors settled and we also received some unexpected compensation interest for the delayed completion.So check with your solicitor as to whether there was a COVID clause and then whether if things dragged on what you would be able to claim for.
We cannot remember if there was a COVID clause in the contract having read it and signed it back in June. We do not have a copy. We will check with our solicitor tomorrow.0 -
Update - we completed today after all! No idea what happened behind the scenes - we didn’t pressure anyone - but we are now the proud owners of a lovely cottage in one of our favourite villages. Really happy. Just need to deal with the 100 or so rawl plugs now! Anyone got any tips?10
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Ramouth said:Update - we completed today after all! No idea what happened behind the scenes - we didn’t pressure anyone - but we are now the proud owners of a lovely cottage in one of our favourite villages. Really happy. Just need to deal with the 100 or so rawl plugs now! Anyone got any tips?
Glad it's sorted now time to enjoy it!2 -
HampshireH said:Ramouth said:Update - we completed today after all! No idea what happened behind the scenes - we didn’t pressure anyone - but we are now the proud owners of a lovely cottage in one of our favourite villages. Really happy. Just need to deal with the 100 or so rawl plugs now! Anyone got any tips?
Glad it's sorted now time to enjoy it!
Very pleased that we have a good overlap as there is slightly more to sort out than we had thought. Really looking forward to moving in!0 -
Slithery said:Ramouth said:Just need to deal with the 100 or so rawl plugs now! Anyone got any tips?Drive in a screw about a cm or so and then pull them out with a claw hammer.Fill all of the resulting holes.Good luck!Gather ye rosebuds while ye may1
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Maybe it was suspected covid, but the test came back negative. That would create a couple of days panic before completion took place.Glad it's all worked out, OP!2
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martindow said:Maybe it was suspected covid, but the test came back negative. That would create a couple of days panic before completion took place.Glad it's all worked out, OP!0
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