Husband and I have had a ridiculous saga of buying/selling, started in Feb this year.
-first house we tried to buy, seller pulled out. -then we got a survey on our house with actual lies on it. We disproved the lies to our buyers but they were scared and pulled out. -second house we tried to buy, paid for the survey then got gazumped. -second lot of buyers couldn't get a mortgage after gagging about for six weeks. -Third house we tried to buy, got really far along. Survey came back to say that the big kitchen extension had faulty lints, the walls didn't meet building regs, and it was unmortgageable. Am I wrong to think the seller must have known??! So upset. -We have found another house now and luckily our new buyers, ftbs, happy with survey, have said they will wait for us.
Someone please tell me that my run of bad luck has to end soon....?!!
Also, the unmortgageable house is back on the market 48 hours later... For more money!! I feel sorry for the next people. I feel this house property game is so unfair.
Good news that your ftb buyers will wait for you. Forget about the unmortgagable house - you won't be burned there. Sounds like you are now having a run of good luck - you have nice buyers, relatively low pressure (though check what the time limit is on their mortgage offer and work to have plenty of time before then) and have happily been rescued from buying a terrible house which had been cunningly disguised as nice. So be realistic about what you can buy and get out there, your new house is just waiting for you to find it.
Your buyers are responding to your honesty and clear commitment to moving - well done!
The unmortgageable house - I have a friend who had the same experience. The survey threw up horrendous and expensive issues which I feel sure the vendor knew about because my friend was NOT the first person to offer on it. They pulled out and it was back on the market in days. Waiting for some unfortunate with no plans for a full survey I guess