Or house buyers are first time buyers, they want to take advantage of the property tax discount which expires on 1 April. We accepted this condition when agreed the sale, and were planning to complete no later than 31 March.
Due to winter season and illnesses we did not manage to find a suitable house to move into - until last weekend, and agreed the purchase of the property whose sale just fell through. We are hoping to complete the purchase by the end of March or face renting, which would mean moving twice and an extreme upheaval at our nearly retirement age.
We have not even exchanged contracts, but our buyers now insist on completion date 5 March. We explained that we need to exchange contracts ASAP to secure a rental property, and they replied that they will if we agree the completion on 21st March.
Whilst we understand that they want a buffer, that extra 7-10 days might make a big difference to us as we might complete our purchase in time to avoid renting.
Should we agree to this date or insist on a week later? How binding is the agreement on the moving date that far ahead? Can it be moved nearer the time to suit us?
The FTB are renting at the moment, and saying they need to give a notice. Our seller is in the process of buying as well but does not know the timescale yet.
Any ideas how to get around deadlines and moving twice? We are not very well but desperately need to move, so cancelling the sale is out of question.