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Any luck on negotiating price?

masterboy123 · 2020-05-25 07:35:55

So we bought a semi D house in a new housing estate, with a price tag of 260k and signed contracts. The construction was put on hold due to Covid-19, but it is going quick now. Is it possible to negotiate the price now? According to the contract the house is supposed to be ready July and if its not, do we get any…

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25-05-2020 8:35am

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masterboy123

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So we bought a semi D house in a new housing estate, with a price tag of 260k and signed contracts. The construction was put on hold due to Covid-19, but it is going quick now.

Is it possible to negotiate the price now? According to the contract the house is supposed to be ready July and if its not, do we get any compensation?

The 5% from HTB scheme has been paid to the builder on the above price.

We haven't withdrawn funds from our approved mortgage.

Thanks

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