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Missing the date for contract signing and pay of balance of deposit

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  • 23-07-2009 3:08pm
    #1
    Ex Flex Member
    Closed Accounts Posts: 19 ✭


    Hi All

    weve got to the stage where book dep has been paid, contracts recvd and we agreed that by next week that we would sign contracts and pay bal of deposit.

    thru no fault of ours, we havent recvd the loan offer "pack" yet as the bank is processing it( we have maip , we have sent proof of balancing payments to bank , the mortgage orotection policy is being processed, and house has been surveyed)

    What impact is there if we miss the date on which we agreed to pay bal of dep and sign contracts?

    If we are late , its likely to be only 2/3 days.

    thanks
    EFM


Comments

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    #2
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    it depends whats in your contract ....


  • Options
    #3
    Victor
    Registered Users Posts: 78,387 ✭✭✭✭Victor


    In this climate, they'll likely be annoyed, but will wait as they probably need the money.

    Have your solicitor talk to their solicitor.

    Is the contract subject to mortgage approval?


  • Options
    #4
    mathie
    Registered Users Posts: 5,102 ✭✭✭mathie


    Ex Flex Member wrote: »
    Hi All

    weve got to the stage where book dep has been paid, contracts recvd and we agreed that by next week that we would sign contracts and pay bal of deposit.

    thru no fault of ours, we havent recvd the loan offer "pack" yet as the bank is processing it( we have maip , we have sent proof of balancing payments to bank , the mortgage orotection policy is being processed, and house has been surveyed)

    What impact is there if we miss the date on which we agreed to pay bal of dep and sign contracts?

    If we are late , its likely to be only 2/3 days.

    thanks
    EFM

    How long are you waiting on the pack?


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