Liam Taylor exchanged on his off-plan home last August on the understanding it would be completed by April. Two days after he exchanged contracts he was told he and his family might have to wait until the end of October before they could move in. Nor are developers obliged to pay compensation for delays, unless the developer exceeds the “long-stop” date. “We exchanged contracts in December 2016 and were told completion would be late 2017,” says Grant Ross. “In January we estimated the build completion date to be 9 August 2019.

Source: The Guardian June 23, 2019 06:56 UTC