Ithinkihavemugwrittenonmyhead ·
30/03/2017 19:16
Namechanged for this.
Really need advise before I spend money I haven't got on small claims.
So reserved an off plan property (paid £5k to reserve) it went over to my solicitors to exchange contracts. The agreement was the reservation period was 28 days for my solicitor to conduct due diligence, if anything untoward showed up during the 28 days I could get a full refund.
28 days passed yesterday and my solicitors have not received a single response from the builders solicitors. Chased this up to be told they can extend my deadline to exchange by an extra 28 days however as I am now outside of the reservation period if I decide to withdraw from the purchase my £5k will not be refunded.
Does this sound fair? Would I stand a chance of getting the deposit returned?