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1 Year of Trying to Move and Property Chain Has Collapsed Again

5 replies

juejaf · 04/09/2020 08:17

and now we have lost the home we wanted to buy.
I'm all over the place.. we had decided to move before son went to senior school and put the house on the market October last year.
Our buyer had a chain in place but before March Lockdown this chain had broken twice. Then the Covid excuses started as to why things are taking longer...our buyer has had 2 new chains but this has not work so reverted to the original chain. This has now broken our estate agent has been completely rubbish not informing us when chain has broken and not advising us to put house back on Market
Last week our builder lost patients and has sold our dream home to someone else.
My son is going to start Senior School but it we move he will have to start all over again. I just think this has been so unfair on him.
DH is still set on moving, as new start but not sure I can go through with the ups and downs again. Does anyone have any positive experiences they have after moves have gone wrong??

OP posts:
JoJoSM2 · 04/09/2020 09:55

Can’t you just sell and go into rented for a bit if need be? That chain of yours sounds crazy.

user1471538283 · 04/09/2020 15:18

I think you need a new estate agent. Sell your house and rent for a bit so it breaks the chain. Something you love will come up

Rudolphian · 04/09/2020 15:48

Just sell your house. And as above go into a short term rental. The other option is if you can afford to buy the new house first as an additional property bit tou would have to pay extra stamp duty. You can claim the extra stamp duty back if you sell your main residence within 3 years.
Then once youve bought and moved sell your current house.
That's what we are planning just means we have to save up a higher deposit and extra amount for stamp duty. But none.of this chain business when it comes to offering and selling.

nosswith · 04/09/2020 16:10

A new estate agent.

I do not forget that Tony Blair decided not to regulate them. I would have Scottish law on this unless someone can think of a better way.

Hope OP you have some success soon.

BashfulClam · 04/09/2020 18:55

@nosswith

A new estate agent.

I do not forget that Tony Blair decided not to regulate them. I would have Scottish law on this unless someone can think of a better way.

Hope OP you have some success soon.

It’s a myth that Scottish chains can’t be broken. Either party can pull out until missives are signed and contracts exchanged. Although why does it take so long south of the border? Both my sales/purchases concluded in under 6 weeks!
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