New Home Owners And Snagging Forum

Home Owners => Solicitors and Legal Issues => Topic started by: Amy123 on July 06, 2018, 07:13:46 pm

Title: Can you extend deadline to exchange contracts?
Post by: Amy123 on July 06, 2018, 07:13:46 pm

We are in process of buying on a Keepmoat new development.
We was supposed to be exchanging contracts 7 July 2018, but our surveyor who was due yesterday didn't turn up. Unsure why?

I’ve contacted mortgage advisor and Keepmoat who say that it shouldn't be a problem extending contract deadline. Has anyone else had this issue?

The surveyor has rearranged with the builder so surely that’s a good sign isn't it?
I’m nervous that we will lose the house of our dreams and we cannot do anything about it!
We haven’t heard for definite yet what's happening.

Title: Re: Can you extend deadline to exchange contracts?
Post by: Matron on July 07, 2018, 11:10:44 am

I am not an expert but was in a similar situation with our new build home and we actually exchanged contracts about 6 weeks after the initial date the gave us. They aren’t going to lose a sale.

Title: Re: Can you extend deadline to exchange contracts?
Post by: New Home Expert on July 09, 2018, 06:33:19 am

It is the housebuilder that sets the exchange deadline and they can extend it if they want to keep the sale.

Point to note, I doubt a Keepmoat new home would ever be a "dream home"
Perhaps you should do a bit of  research  (http://www.brand-newhomes.co.uk/nhbc-quality-awards.htm) before you exchange and its too late!  Keepmoat had no NHBC Quality award winning site managers last year and are just 3 star rated.