After a a few problems and issues with his new home, despite the completion date being postponed by a month (6th December 2013), one unlucky buyer recently told us that Taylor Wimpey had constantly threatened him with legal proceedings on a daily basis. Amazingly Taylor Wimpey and both the respective solicitors allowed legal completion on his new home without the Help to Buy funding in place and later transferred to Taylor Wimpey – an underpayment shortfall of £44,000.
Mr K told us: “In the first week of January, we learned that our solicitor had not sent us the Help to Buy equity release form to sign. He played this down claiming it was a simple paperwork mix-up or oversight. Two days later, we received a call from Taylor Wimpey informing us that they are going to take us to court because for breach of contract as we have not provided the full funds on completion.”
“It transpired that the Help to Buy money had not been released to Taylor Wimpey and they cannot take our solicitor to court, they can only take us to court. The lady from Taylor Wimpey said that even if they did get the balance of the money, we had still breached the terms of our mortgage and they were going to report this to our lender and the mortgage would be revoked.”
“Next we then get a call from the lady who deals with Help to Buy (Radian homes) who inform us that the mortgage offer is incorrectly worded and needs to be changed, otherwise they cannot release the money to Taylor Wimpey. Our solicitor insists the mortgage offer doesn’t need to be changed, Help to Buy insist it does and in the meantime, Taylor Wimpey continue to call us on a daily basis threatening to take us to court.”
“Both Taylor Wimpey and Help to Buy say that our solicitor is incompetent. Our solicitor then suggests that they are both partly to blame as well. We are considering appointing a professional negligence solicitor to take over the file with Taylor Wimpey saying that if we did, that they would take us to court straight away.”
