written by AddisonTobin on 30/04/2018
My wife and I very recently paid a reservation fee of £1,000 in respect of a five bedroom house on the HH Watermill Meadow development in Stoke Holy Cross, Norfolk expressly on terms that we would have a fixed date of 8 June for legal completion - the house was already finished off to all intents and purposes - and at a price of £550,000. The date was crucial if we were avoid moving into temporary rented accommodation. At the same time we were persuaded to part with £3,300 for extras on a non-refundable basis.Also we were cash buyers. What HH knew all along, and what we have only just found out, is that despite building out the development HH does not yet have approval from the local planning authority for the estate roads, the foul drainage system and the means of managing surface water. All the indications are that it will not have these approvals for some time. The planning permission, as is normal, states that no development should be carried out without these approvals and then only in accordance with them and in the meantime no houses should be occupied. We have no alternative but to back out and swallow total losses of around £5,000. We then have to find a rented house in a very short time. Avoid HH like the plague.