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I have now completed on this poxy flat now. Am just trying to rent it. I did manage to negotiate my carpet and floor finishes back in at completion and a 3k reduction in price beacause my flat which was supposed to have river views now has a 2 storey wall in front of it which the developers have chosen not to mention to anyone (apparently next ...
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I have paid a 15k deposit cash for a flat price of 150k . My mortgage offer is 75% of the down valued valuation. I have to find a crippling amount of cash on top of the 15k i have already put down for a flat worth a lot less than 150k.
If you read the contract all the clauses are written in the developers favour. They can choose when to complete ...
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havnt been served with completion notice yet. Still waiting for news of so called developers loan if it ever comes. My morgage offer runs out in june. Still trying to get together money to cover shortfall so i dont need developers loan if i am forced to complete.
Trying to get myself in the best position to complete if i need to / am forced to ...
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I am in a similar situation on a flat at cranfield mill at ipswich.
If i pull out after exchange of contact (the contract is heavily balanced in the sellers favour) i will lose my deposit and be liable to being sued for consequential loss by the developer.
What i need to weigh up is how far the developer wants to get involved in a legal action ...