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This is Money case study request: Do you have any clients who have been screwed over by new build delays

ended 26. August 2026

This is Money case study request: 

Do you have any clients who have been screwed over by new build delays of late and might be prepared to speak about it?

Responses asap.

2 responses from the Newspage community

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Editor
Michelle Lawson
Director at Lawson Financial
Yes I have one- let me know what you want/need! Offer accepted in April 26 with scheduled completion for November 26 which is now going to run into 2027!
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Premium
Thomas Boughton
Founder at Artillium Real Estate Finance
We currently have two clients buying in the same development who are now at risk due to delays to completion. Both paid their deposits in 2024, expecting to complete in Q2 2026 now pushed forward to Q1 2027.

The challenge is that most mortgage offers are valid for around six months (with the exception of a few lenders) meaning brokers have to be extremely strategic about when applications are submitted. Apply too early and the offer may expire, apply too late and there may not be enough time to secure funding.

As completion dates continue to move, so does the mortgage strategy. An expired offer can mean a completely new application, potentially with different rates, criteria or borrowing capacity and risk of harming their credit ratings.

Unfortunately, the main issue for these clients, specifically, is that their offers will expire by the time completion comes and they will be forced to take, what are now, significantly higher interest rates that what had been previously secured.