Author Topic: Can you extend deadline to exchange contracts?  (Read 2409 times)

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Can you extend deadline to exchange contracts?
« 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.


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Re: Can you extend deadline to exchange contracts?
« Reply #1 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.

New Home Expert

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Re: Can you extend deadline to exchange contracts?
« Reply #2 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 before you exchange and its too late!  Keepmoat had no NHBC Quality award winning site managers last year and are just 3 star rated.
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