I have put in an application for a house, paid the holding deposit and passed the credit checks. I have just been sent the contract to sign.
The house is not availbale until the 16th August which works for me. I am currently selling my house and the buyer has the surveyor coming next week. The estimated sale date is around the same time as the tenancy for the rented property starts.
I was expecting to sign the contract, pay the deposit and pay the rent closer to the move in date but I have been sent the contract to sign.
I ideally do not want to sign yet, incase the buyer pulls out (still about 3/4 weeks to go) otherwise I would be stuck with my mortgage and the rent for this property.
Issue is, I am concerned that the landlord will pull out if I don’t sign yet. I was hoping there was some sort of cooling off period but after reading the contract, this is not the case. I haven’t spoken to the landlord about it.
Thoughts? I’d even be more secure signing at the beginning of August, still 2 weeks before I was due to move in.
I’d appreciate any/all viewpoints or suggestions.
Thank you in advance