Looking at buying a new build which won't be ready til October
When we bought our current house we paid 5% deposit on exchange and the other 5% on completion
Everything I read says we have to pay the 10% on exchange so does it just depend on who you buy from?
Also , we are putting down a large 50% deposit this time. Do I pay this full deposit on exchange or just 10% and the rest on completion?
It's a lot of money to be sat in the solicitors bank account rather than ours if the house isn't ready for months