So basically, long story short we are buying a house. Only a little chain, first time buyers buying ours, we are buying a bigger house, the house we are buying going into rented while they look for something specific which don't come up often in a certain area. It was agreed from the start that top of the chain would go into rented.
Need to exchange by the start of Jan due to rental terms for first time buyers and mortgage offer for us.
Us needing to exchange by start of Jan has been known for months, which is why top of the chain agreed to go into rental rather than hold the chain up.
We are around a week off of being able to exchange and top of the chain have now found a house and are trying to put it through with our sales, effectively saying that it's vacant so they can exchange and complete in the next 3 weeks
I'm worried that after paying out loads of money in legal fees that they will not be ready to exchange when we are, and will hold us all up.
Legally where do we stand?
My only options are for the bottom of the chain to try and go into another short term rental while we wait for the top of the chain, while we try to get a new mortgage offer if ours isn't valid anymore (or a mortgage offer extension)
Or for everyone to pull out?
I don't understand how a seller can just stick another house on the top of our chain and get away with it?
So angry. Advice please.
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50 replies
Whyisnothingeasy · 13/12/2017 13:58
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