Q: Post your questions on this thread and I will gladly help, or at least your in the right direction, with all your property related queries.
A:I think that this thread is great but am concerned (as many have commented) that it is shortly going to become very long and difficult to follow. I have therefore closed it.
If people want to ask questions from the board's newest "guy" then please feel free to start a new thread for each question, with a subject title that reflects the question you are asking i.e. not "Question for guy".
Each thread can then relate to the question being asked, making it easier for readers to find what they are looking for.
Finally, many thanks to guy for his valuable contributions to the board!
guy – Boardguide
A:Although most mortgage companies request 5 working days notice, you can often get them quicker – I have been able to get funds the same day, chasing like mad from first thing in the morning.
You can request the money before exchange if the solicitor is happy with the legal title. The would need to be aware that if the solicitor receives the funds and completion is delayed they may well have to send the funds back – this will incur TT fees and depending on the mortgage company sometimes some days interest.
A:How can you exchange and complete on the same day if it takes 6 days for funds to come from the mortgage co.?
A:I'm sure I could find some horrid client !
A joke of course 
A:FS – a new thread could be started by those asking a question. Maybe if they put FS then the question you would know it was aimed at yourself.
Hope your time recording all this advice!
A:You would be unable to sell your property in the very short time you would be given under a completion notice – it would depend who you are buying from and what position they are in.
I would try to place in your sale contract a clause stating that if the buyer fails to complete he will be liable in addition for your liaibility under your related purchase, less the 10% deposit due to you on the sale file.
With respect to insurance I am aware that it is out there, but is rarely used – would recommend a trawl through the insurance companies.
A:Thanks.
I'm selling my home and buying another at the same time for more money. If my buyer fails to complete I get the 10% deposit he made, but I can't complete on my purchase because i need the equity from my house to do that. So I lose my 10% deposit on my purchase. So I'm out of pocket by 10% of the difference between the 2 properties.
Either that or I delay completion, market my house at a reduction of 10% (that I've got from my failed buyers) and hope for a quick sale.
I know its rare but I wonder if there is insurance you can take out to cover this event?
A:Thanks for your quick response FS.
Me thinks you will get inundatd with questions due to being so helpful.
Cheers
Debs
A:Being new to these forums I would appreciate any advise you may have in setting up these threads so that they are easier for people to use
A:In my experience most developers will come out and sort these cracks out – although you are right in saying there will be a policy cut off, this will not last forever
In any event you are likley to have NHBC Cover. Within the first two years ofownership the following applies to your Buildmark cover :
Cover during the first two years
If you discover any defects or damage, you must report these to the builder in writing within the first two years. The builder must put right any defect or damage to your home within a reasonable time scale. If the builder is given written notice of defects or damage within this period of cover, the builder remains liable as above, even after this period of cover expires.
If after notifying the builder in writing, you've received no response, contact NHBC via Claims Online and they will write to them on your behalf.
Please remember that the builder is not responsible for items such as normal shrinkage or normal condensation due to the property 'drying out', general wear and tear and damage arising from failure to maintain the property.
NHBC Resolution Service
If the builder fails to rectify the problems, NHBC will usually offer a free Resolution Service, which aims to resolve disputes between you and the builder. Under the Resolution Service, they can also help arrange the remedial work needed to put things right if the builder fails to do so. If the builder is insolvent, then they insure his obligations.
They can only help with disputes about defects or damage to your home. They will not be able to help you if you have a dispute about financial or contractual matters.
A:Exchange of contracts will legal bind the completion date, as agreed within the contract.
If there are delays upon completion then the terms of the contract will set out what the willing party can do. Ordinarily you will have a contract rate of interest that can be charged on the purchase price, this then becomes a debt due to the willing party.
Where completion is delayed a notice to complete can be served upon the defaulting party. These are really quite rare and although they make time of the essence it is quite often the case that completion delays, rare in themselves, are for a day.
With respect to a failure to complete and a full breach of the contract the willing party will claim 10% of the purchase price as damages. You will only be able to claim further if the contract has allowed you to do so, i.e. for removal penalties, failure to complete your related transaction etc. Although if I see a vendors solicitors trying to put such a clause in I cross it out straight away.
A:Just a thought, but maybe each question should be on a different thread so that people no what is being discussed and do not have to trawl through pages of answers trying to follow the conversation.
A:Hi FS Welcome to MSE.
I have moved into a new house and have had a few snagging problems which they have been great at fixing. My question is should they fix every minor little thing that may arise and how long before they can say enough is enough?
Also cracks are now starting to appear in most rooms/on strairs and I would expect this to happen as the house settles and would the builders be expected to rectify this?
Many Thanks in advance Debs
I'm reckoning we have a year for any problems.
A: Thats really nice of you, welcome to MSE.
Something that is puzzling me (though not yet affected by it) .
Once you have exchanged contracts, what story have you as a seller you refuse the property after to vacate date (I guesss because of problems further down the chain)? Can you go to court and force them out?
Also what happens if the buyer fails to complete your purchase?
People mention the loss of 10% deposit, but have an agreement I would have thought they should meet the entire contract not just walk away and loss of deposit.