1 Mar 2019
Peterborough office
48 Broadway, Peterborough Cambridgeshire, PE1 1YW
01733 346 333 01733 562 338 enquiries@hegarty.co.ukStamford office
10 Ironmonger Street, Stamford Lincolnshire, PE9 1PL
01780 752 066 01780 762 774 enquiries@hegarty.co.ukOakham office
66 South Street, Oakham Rutland, LE15 6BQ
01572 757 565 01572 720 555 enquiries@hegarty.co.ukMarket Deeping office
27a Market Place, Market Deeping, PE6 8EA
01778 230 120 01778 230 129 enquiries@hegarty.co.uk1 Mar 2019
A completion date (moving date) is agreed as part of a contract exchange. However, if you are purchasing a new build property it can be difficult to give a precise completion date, as the weather or a shortage of bricks or materials could hold the build up and cause a delay.
Therefore, in many new build house purchases completion is on notice.
This means that completion will take place on date specified later in the process after the developer has given a number of days advance notice. Once the house is finished, contracts will be exchanged on 10 days’ notice with a termination date. The termination date will be 2 months or 6 months depending on whether the roof to the property is in place. Once the property has been signed off with building control the developer will give the purchaser 10 days in order to source funds and be ready to move in and complete.
