We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
New build advice needed
JR27721988
Posts: 21 Forumite
Hello, I reserved a new build last September which had an estimated completion date of Feb-April 2022, the house was at build stage 3, since then it has moved 2 stages to a concrete slab where it has sat with no work being done to it. Completion date was then delayed until June, and I have found out today via my solicitor not from the builder that it has been further delayed until august with a stop date of February 2023. I have not exchanged contracts yet.
Do I just have to accept the 6 month stop date? My solicitor has asked if I want to exchange based on the new dates.
Do I just have to accept the 6 month stop date? My solicitor has asked if I want to exchange based on the new dates.
My mortgage offer runs out the end of March
0
Comments
-
Do you have to accept it? Probably. They're not going to drop themselves in it.
You can ask, but they've got plenty of time to sell to someone else...Everything that is supposed to be in heaven is already here on earth.
1 -
This is exactly what happened to us. It was awful visiting and finding they had done no work whatsoever for months.We had already exchanged and had a mortgage offer that allowed extensions. It took so long that the mortgage offer expired and we had to apply again. Exceptionally stressful.We did complete after the long stop date. It wouldn’t have been in our interest to pull out by that point.We have been here for 5 years and just moving somewhere bigger so it did work out in the end.2
-
If you haven’t exchanged contracts yet and you aren’t happy with the proposed date you can walk away.You might lose your reservation fee but long term it might save you a lot of worry and heartache over when your move will happen.2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards