Buyers want to delay completion in case interest rate falls

[foodiefil]

We are due to complete on our sale and purchase this week - Friday.

Our solicitor just called and said our buyers want to delay completing until 8/11 because they think interest rates will come down and there will be cheaper mortgages available. They’re first time
buyers.

Any thoughts on this? I understand there is a meeting in Nov and the interest rate could come down again but doesn’t mean banks will change their deals that Quickly does it ?

Well done, always good to hear a good outcome. Good luck with the move and enjoy your new home.

Rates will go through the roof if Trump wins with a Republican sweep next week. Your buyer needs to get his/her head fixed.