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Exchange
sithmaster
Posts: 305 Forumite
Hi all, we're buying a property and we're at the point of exchange.
The property needs refurbishment and I've secured time off work to help do this, this is not easy to do in my line of work especially to change it at short notice.
We have an agreed completion date but the seller is now refusing to exchange.
The reason given is they are waiting for a tenancy deposit scheme to resolve some situation for a tenant that left the property 7 months ago.
Is there anything I can do?
The agreed completion date is in 8 days time.
Thank you
The property needs refurbishment and I've secured time off work to help do this, this is not easy to do in my line of work especially to change it at short notice.
We have an agreed completion date but the seller is now refusing to exchange.
The reason given is they are waiting for a tenancy deposit scheme to resolve some situation for a tenant that left the property 7 months ago.
Is there anything I can do?
The agreed completion date is in 8 days time.
Thank you
0
Comments
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Unfortunately, a completion date only becomes binding once contracts have been exchanged - so there isn't really anything you can do.
(If you want to get super-aggressive you could say something like you'll pull out of the purchase if you can't complete in 8 days time... but maybe the seller won't believe you!!!)
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Why are they doing that? Why would one of those things affect the other?sithmaster said:Hi all, we're buying a property and we're at the point of exchange.
The property needs refurbishment and I've secured time off work to help do this, this is not easy to do in my line of work especially to change it at short notice.
We have an agreed completion date but the seller is now refusing to exchange.
The reason given is they are waiting for a tenancy deposit scheme to resolve some situation for a tenant that left the property 7 months ago.
Is there anything I can do?
The agreed completion date is in 8 days time.
Thank you0 -
They don't, not sure what their doing, I've had both the solicitor and estate agent talk to the seller and both have said it will not effect anything but still nothing.RHemmings said:
Why are they doing that? Why would one of those things affect the other?sithmaster said:Hi all, we're buying a property and we're at the point of exchange.
The property needs refurbishment and I've secured time off work to help do this, this is not easy to do in my line of work especially to change it at short notice.
We have an agreed completion date but the seller is now refusing to exchange.
The reason given is they are waiting for a tenancy deposit scheme to resolve some situation for a tenant that left the property 7 months ago.
Is there anything I can do?
The agreed completion date is in 8 days time.
Thank you
I've even said to my solicitor that if we can't complete as scheduled and I'm unable to change my time off I will have no option but to pull out1
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