Topic: Delayed Completion – Compensation?

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This topic contains 1 reply, has 2 voices, and was last updated by Richard Watters Richard Watters 4 years, 2 months ago.

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  • #1823

    primus
    Participant

    Hi

    We moved last month and were meant to move on a Wednesday. Moving day came and it turned out our buyers solicitors did not have the funds from their mortgage company in time. We got several stories throughout the day but the issue was between buyers solicitor and lender. Anyway everyone up the chain agreed to move items in but not exchange keys until funds cleared the following day (which they did).

    Our vendors have submitted a claim to us for several hundered pounds for hotel, food and loss of earnings (1 day extra off work). We had minor additional removal costs which we were going to claim for. Our solicitor has advised that we should get all the claims together and pass them on to our buyers solicitor, he has also advised to not claim for loss of earnings as this will get rejected.

    Our solicitor has claimed he will submit the claim but then he considers his job complete and if it gets rejected we will have to pay for his additional time – we agreed a fixed fee for sale / purchase but he says this does not include the claim for compensation.

    Our costs are minor and I don’t want to get into a drawn out legal process to sort it out but i get the impression the vendors will pursue the full amount. Where do we stand here.

    #1824
    Richard Watters
    Richard Watters
    Moderator

    It should be straightforward. If you are liable for costs to your vendor, you should pay them, and it turn you can pursue them from your buyer.

    Loss of earnings for 1 day won’t wash though!

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