A friend is buying a house, they've paid the deposit, contracts have been exchanged and a date set for completion.
A problem has a risen in getting the rest of the money and it is unlikely that it will be available in time for exchange.
Will the deposit be lost in its entirety or is it possible to change the exchange date by a few weeks.
If anyone has any experience of such a situation or genuine knowledge of what happens in this event I'd be interested in your comments.
Edit: No, it isn't me.
A problem has a risen in getting the rest of the money and it is unlikely that it will be available in time for exchange.
Will the deposit be lost in its entirety or is it possible to change the exchange date by a few weeks.
If anyone has any experience of such a situation or genuine knowledge of what happens in this event I'd be interested in your comments.
Edit: No, it isn't me.
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