Scared my chain will now collapse with bloody unbelievable Leave win!

[Howaboutthisone]

So scared about what this result means generally for the country. I'm also terrified that our sale and purchase won't happen now. Valuation booked on house we're buying this weekend. Our mortgage is being processed. Buyers were waiting on their advisor getting back from holidays on weds to get their mortgage sorted. Not sure when valuation of our house will be. They have a cash buyer. Is it all likely to go wrong now?!

[LIZS]

I doubt there will be any immediate impact on housing market or lending unless they are overseas buyers.

[Figgygal]

I'm with you the house move our lives have been on hold over for the last 7 months is too risky and I'm going to have to pretty much make homeless the tenants that were moving into our house when we vacated as we can't now leave.

Unbelievably dh still asleep so I've had 3 hours to think this through we going to have to pull out.....maybe the mortgage company will do is a favour and withdraw offer and then it won't be our decision

[apoorna]

I am in a similar situation and just hoping the mortgage offer is pulled out. If the market is so unstable, we can't alone act like it is all business as usual. If the prices agreed are pre brexit prices, there are chances of ending up in negative equity which is not a great prospect for the bank either.

[BoyMeetsWorld]

We're worrying about same thing. Trying to decide whether to proceed with purchase (though we don't know if our buyers will pull out anyway). V worried about negative equity, esp as we have paid a bit over the odds. Our thought though is that the mortgage valuation will come back saying they can't go to that if they're in any doubt then we can renegotiate and the seller would likely in be same position with any buyer at the moment. Do mortgage valuers come back telling you how much they DO think the property is worth in the current market or just give a flat out no?

[helpbuyingahouse]

We were due to exchange today. I will postpone until Monday and take the weekend to think about it.

This is a disaster and without wanting to be divisive, a big hug to my fellow Remainers.

[Skittlesss]

Help - we are due to exchange today as well.

I didn't vote for this and it's making me feel sad :(

[helpbuyingahouse]

Skittless what will you do? My solicitor has the deposit money is it safe?

I am someone with a very cool head but Brexit might make me lose my job. Big mortgage and everything. I am completely panicking now.

I asked my solicitor to check if the bank is still lending I will let you know.

[Skittlesss]

Well I think we will just go ahead if everyone else in the chain is, but we haven't taken on a big mortgage, so hoping that won't be too bad. Just the thought of house prices coming down is worrying though.

God I hope you don't lose your job. That is awful :(

[scaredofthecity]

We're ftb due to exchange in a few weeks. Our circumstances mean we really can't delay and I'm shitting myself :(
It was a massive faff for us to get our mortgage agreed and I'm petrified it's going to be withdrawn.
Man what a day to exchange, hope it all works out for the best for you.

[Skittlesss]

To be honest our vendors have messed us about so much I'm wondered if the delay has been to see the outcome of the referendum. Though the male vendor voted out so I blame him. (FB stalked him)

[apoorna]

I am due to exchange this weekend but I will wait and think over it in the weekend. The house builder stocks have fallen by 40% this morning so we need to think over this. It's just so not expected

[Howaboutthisone]

I want to go ahead. I don't want the market to stop us/anyone in our chain. So scared!

[SnakeWitch]

In the same boat, we signed the contract ages ago and we gave the deposit to the solicitor yesterday so I hope everything goes ahead and we formally exchange.

We should be ok I think, there isn't a FTB in our chain as we broke it and the FTB is now in our old house while we are at my parents (who voted out and will not be told that the economy and housing market most likely will be negatively affected ) so we all still need a house to live in! I feel like my entire life is up in the air and I feel a bit tearful. Silly, I know.

Fingers crossed for us all. So stressful under normal circumstances, cheers for throwing all this in the mix too, Cameron!

[dynevoran]

We exchanged yesterday with a 22 July completion date . we are now trying to bring this forwards and give them right to remain til 22 July so we can quickly request funds from Santander before they change their lending criteria.

[helpbuyingahouse]

Could banks actually change their lending criteria once you have a mortgage offer? I am as scared as anyone else but there is a contract and I don't think it is possible.

[Oogle]

Are Santander going to change their lending criteria? My mortgage application went in with them yesterday.

Shit.

[dynevoran]

They can change their mind for any reason. There just seems like so much uncertainty i wouldn't be surprised if they did so we are trying our best to move things forwards to mitigate this risk.

I have no information to state they will ....this is just my gut reaction to the perceived risk. Don't want to unduly worry anyone but be cautious i think is sensible.

[dynevoran]

oogle please let me know how you find them. Unfortunately help there is no contract until completion so they can do what they want. Scary stuff!

[HeartsTrumpDiamonds]

I found out at about 11.30 this morning that our buyers have pulled out. We are screwed.

Terrible consequences for the country, and terrible consequences for us.

[HeartsTrumpDiamonds]

We were due to exchange on Monday.

[PurpleDaisies]

I'm really worried about finding a buyer for our house-we had one but lost them a couple of weeks ago due to mortgage issues on their side. We have to move to start new jobs in September. This is a bloody nightmare. We're definitely going ahead with our purchase if we can find a new buyer-it's our forever home so if we can get in it it doesn't matter too much if we don't get a fantastic deal.

This uncertainty is horrible. and for everyone stuck waiting to see what happens...

[Oogle]

Oh Hearts. I'm so sorry.

Dyne, I'll let you know as soon as I hear anything.

I'm terrified my buyer is going to pull (first time buyer). I cannot wait to get home and pour a gin.

[nicky883]

Ftb here was due to exchange today but delayed it will jave to think about it over the weekend and maybe ask for a reduction in proce to mitigate the risk

[Howaboutthisone]

Oh hearts- I'm so sorry to hear that. What a nightmare. I think some Leave voters are now realising what some of the consequences will be and it doesn't seem so rosy now. Shame it's too late now
I hope that you find another buyer as soon as possible.

[MrsJervis]

We're due to exchange early next week and, as far as I know, everything's still on track. Yesterday's result a disaster for the country but panic will surely only make a bad situation even worse.