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Can builder pull out if my Mortgage is delayed

  • 08-06-2022 12:29pm
    #1
    Registered Users Posts: 4 kashfactor


    We have had a mortgage offer a year back when Sale Agreed. Meanwhile we are up for Haven to apply another for less interest rate, but Haven is taking forever to complete, now Builder finished the property and we did the snagging too. Still we don't have solid offer in hands as Haven is taking too much time.

    The old offer from different bank also expired and we didn't bother to renew it as we are getting Haven for low interest rate. Now, Builder is finished the property, and re-snagging also arranged. We are panicked now, Haven may take another 2 weeks or so.

    Can a builder pull out if our mortgage is delayed ? we waited more than an year to get to here, and everything may get collapsed if we don't get the house.



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