I cant really type coherently as I am so on the edge.
We are selling to a couple - deposit in hand, first time buyers, ready to move.
We are buying from a very elderly couple (no phone or computer they use which is relevant), who have all along said they are moving in with their son, so chain free.
Everything has gone ahead. Surveys, draft contracts, mortage offers formalised. Removals booked on discussion for Tuesday next week.
Yesterday we hear the bombshell that the elderly couple we are buying from wont exchange yet as their "onward purchase" isnt ready. Our soliciotrs stunned. Estate agents stunned. Us stunned. What onward purchase?
Branch manager of estate agent goes to speak to them in person. Turns out the son they are moving in with is divorcing, and they are trying to build a trust of some kind to buy her out. The elderly man is to buy half of the sons house. We never knew this. Branch manager explains to them that this is nt the way to work and that they can sort this internal matter after completion with us.
Man is convinced. Estate agents ring us to say all sorted yesterday afternoon. We had been sick with worry.
This morning man gives his go ahead to exchange and his solicitors call our solicitors who call our buyer's solicitors to exchange at 3 pm today. DH and i cry a bit with joy.
At 5 minutes to 3 pm, old man calls off his go ahead to exchange saying he needs to sort something about the trust/sons house and we cannot go ahead and exchange till end of the week. This leaves (1) no time in hand for move on tuesday and (2) we stand to losw £1200 in removals money.
Estate agents stunned. Solicitors stunned. Say they have never seen this happen.
We are in tears. Our solicitors say we should still be okay to move tuesday if they wexchange up to Friday but we cant bear it.
What should we do? Why has he misled us like this?
Our buyers are pateint folks but they have been let down badly once and we are scared that they may quit. Its more than the 1200 involved in removals.
Just got this email from the estate agents -
"Hi OP,
Branch Manager is trying to get hold of him / his son. He has told his solicitor that he "needs to sign a piece of paperwork". I have never heard of someone retracting an offer of exchange. I am very unsure the gentleman understand how this process works / how complicated it is despite numerous house visits and calls. I will let you know soon as Branch Manager has managed to speak to them."
DH and I have full time jobs, long commutes and drives and a 10 month old that is tething. Not sure we can take much more of this shit.
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33 replies
Houseconfusion · 31/08/2016 15:16
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