u/n00namer

FTB: Solicitor asks for 10% when developer asks for less upon signing contract

Hey everyone,

Our solicitor has requested that we pay 10% of the purchase price upon signing the contract. However, the developer (new build) has stated in the contract that they require a significantly smaller amount.

The keys are expected to be handed over in 3-4 months.

Is this a standard practice?

reddit.com
u/n00namer — 1 day ago