Has anyone managed to get a specific penalty clause inserted in their contracts if completion is delayed beyond 6 months? I have a reference that the Seller will pay no penalty for a delay up to 6 months. However, there is no reference to what penalty the Seller will pay if completion is delayed to 7, 8, 9, 20 months.

Anyone have a point of view on this? A lawyer, with no "off plan/overseas experience" has advised me that delay clauses in the UK/Ireland often have a penalty pro rated to the length delay. Not sure if this is optimistic for LJDF.

Hi Anthony,

I had an interesting discussion with our solicitor who confirmed what you have already stated. I asked the question on what would happen if the delay was greater than 6 months and I was advised we would have to take the developer to court. I was offered no further advice.

No one hopes for a delay but a delay in completion does ofcourse mean a delay in paying the mortgage

Usman