Under the Joint Forms of General Conditions 2018, either the buyer or seller may cause delays to settlement by up to three (3) working days without penalty.
We therefore suggest a flexible back up plan in relation to the settlement date that includes:
We as agents have no control how either party uses their three (3) day grace period.
If all parties exercise consistent and proactive follow-ups via their settlement agent well in advance of settlement, most factors that can cause delays in settlement can be averted.
Please know that whilst we are aware this can be an enormously emotional and stressful time for all parties and we will be as proactive as we can within reason and we will be liaising between all parties and we understand and agree that delays in settlement can be enormously inconvenient and stressful, we have no control over the actions of banks and settlement agents or any third parties.
Almost all delays in settlement are due to one party being slow in getting documents in or one of the banks.
We hope you can understand that like you we want your property to settle on time and will be doing our best to make sure that this happens.
Please help us to be as proactive as you can be from your end, we will ask the other party to do the same and will be constantly following up both settlement agents.
For any clarification please feel free to speak with me or your Settlement Agent.
We thank you for your kind understanding and patience. Once again thank you for allowing us to assist you in the process of moving and acting as your agent.
We look forward to helping you to move on and make this as happy and stress free as possible.