Author Topic: Bovis Early Bird Reservation  (Read 1374 times)

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baylis

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Bovis Early Bird Reservation
« on: May 27, 2021, 10:04:44 pm »
I made an Early Bird Reservation for a new build property with Bovis in the middle of April 2021 which cost £99 and I was told and confirmed on the document I signed that the reservation would go to a full reservation on 01 August 2021 where an additional £400 would be required for deposit and an exchange of contracts and 10% of property price to be paid by the end of August.

I have just received an email from Bovis saying that the property will now go to full reservation on 01 June and to exchange contracts by the end of June. The whole schedule has been brought forward by eight weeks. This is going to cause me problems with the deposit and if nothing else is not what I agreed to or was told. I cannot see any caveats on the paperwork that would allow them to do this.

Can they bring the full reservation process and exchange of contracts forward by eight weeks?


New Home Expert

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Re: Bovis Early Bird Reservation
« Reply #1 on: June 18, 2021, 11:59:19 am »
At the moment you can back out and all it will cost you is £99.
An early bird reservation gives you a first refusal when a plot is released for sale and the price is decided.
It could have been far higher than the prices of similar homes at the time you early birded. 

Whether legally or morally correct or allowed" quite frankly, these unregulated plc housebuilders can and do, pretty much whatever they like with little chance of any punishment coming their way.
I know of one couple who were in their late 70s,  did and early bird reservation, agreed the price on release and had their sale withdrawn because they were just 2 days late exchanging on what was at that time, a far from finished house. 
Just a week later it was reserved at £5,000 higher price to someone else. This was 20 years ago!

Whatever Bovis have now decided to do, you have clearly been given insufficient time or notice to exchange contracts and should at the very least not be out of pocket.

You should also rejoice in the fact that you will not be buying a Bovis Home!
Please Google: "Problems with Bovis homes" 133,000 results!
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