Browse Forums Home Finance 1 Aug 15, 2007 6:46 pm I'm really hoping someone might be able to help me with this one! sorry, this is a long & detailed story!
We sold our house in mid June. The section 27 was signed by both parties the day the sale was unconditional & was due to be released to us on the 30th July. We bought a house at the end of July with a 2 and a half week settlement thinking we'd be safe to pay the 10% as the section 27 was due to be released the day after we made the offer... The section 27 wasn't released in time. The bank claim that they didn't receive it until the 31st July (happens to be the day we called our conveyancer saying we'd bought a new house & needed the 10%). The conveyancer says their paperwork says they forwarded it to the bank on the 30th June & they say the bank probably just didn't enter it on to their system until the 31st... so, who to believe? Our new house settled at the start of this week & we had to borrow money from family to cover the money we should have been receiving from the sale of our house.. The bank are now saying that since our mortgage has now changed they cannot issue a release on the section 27 & we may have to wait until settlement on the first house to get the money!! When we borrowed the money we did not think it was going to be for 6 weeks - we thought it would clear in a week or so... so, who do we blame for this mess?? My first instinct is that our conveyancers stuffed up & didn't send the section 27 until the 31st July.. but if it was the banks fault maybe we could put some pressure on them to release it.. or do we just have to accept whatever happens? *sigh* this has really tarnished the joy of getting our new house! Any help would be really, really appreciated! Hi there, long-time lurker but first time posting. I've bought a house 2 and a bit years ago and last year we had some major water damage on a converted pergola area… 0 7936 Yes, unless you are in a low intensity rainfall area or the area is protected from rain. Do you have access to NCC Part 2 or can you download it? I can email you a copy… 10 12533 Thankyou so much 😀 I've decided on White on white for doors and trims, White on white 50% on ceiling and Mt buller for walls. Fingers crossed it will look OK 😀 2 7171 |