Missing the date for signing contract and balance of deposit

S

Soontobewed

Registered User
Messages
16
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 STBW
 
Best thing to do is have your solicitor advise Vendors solicitor that you're just waiting for the formal loan approval and that things are likely to run over by a few days. Its fairly standard at the moment, nothing unusual and so long as the lines of communication are kept open, it won't be fatal.

mf
 
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