What happens after deposit paid on new build if people change their mind

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foxylady

Registered User
Messages
1,460
Not sure if posting in the right place but I have a friend who recently bought a new build thats not ready yet paid her booking deposit and now has to wait till house is ready. Since then she has found somewhere else she would prefer that is cheaper, can she pull out of the first or what are the implications?
 
Was it just a refundable booking deposit or a non refundible deposit on initial signing of the contracts? She really should be asking her solicitor about this.
 
ClubMan said:
Was it just a refundable booking deposit or a non refundible deposit on initial signing of the contracts? She really should be asking her solicitor about this.
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Paid her initial 5 k , then the rest and signed something. She cant seem to get hold of solicitor at the moment
 
sounds like she paid the non refundable too... so she would risk losing her full deposit...
 
Technically the seller could force her to complete the purchase. She needs to get hold of her solicitor and check things out with him/her.
 
The contract could be conditional on other things ( for eg loan offer ) even if signed so as ClubMan says the only person who can really answer her is her solicitor.
 
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