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AIBU?

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Original poster

To change our minds about breaking the chain?

33 replies

BaggaChip · 31/08/2022 13:28

Our chain:
FTBs > our buyer > us > our seller > final house in chain

We accepted an offer in May. We were asked if we would move out to complete the chain, once conveyancing was complete, and we agreed we would.

Two months ago, we started looking at rental options and realised we couldn’t afford either short term AirBnB type properties, or a 12 month contract that would mean we’d pay both rent and mortgage for a long period. We simply couldn’t find a middle option.

We told our estate agent we would no longer be prepared to move out and it was up to our buyer if they wanted to continue. We didn’t hear anything more so we assumed the sale was proceeding.

Now we are 6-8 weeks off our own purchase completing, the people at the bottom of the chain are putting pressure on our buyer and again we are being asked to move out. They keep reminding us that we originally said we would move out.

Are we being unreasonable for going back on our word, or are they being unreasonable for not walking away 2 months ago when we told them we had changed our minds about breaking the chain?

OP posts:
Coffeesnob11 · 31/08/2022 18:58

I broke my chain and couldn't find a purchase or rental. After 4 months with family I finally got a rental but times have definitely changed and I had to agree to a years lease.

gyurghle · 31/08/2022 19:01

I hope I made up for it by being transparent as soon as we knew we couldn’t rent. I honestly thought our buyer would walk away and find somewhere chain free two months ago, but he didn’t.I really hope the estate agents didn’t cover it up.

If he did walk away how do you know your buyer would be able to complete on your time frame?

gyurghle · 31/08/2022 19:03

new buyer that should say

Original poster
BaggaChip · 31/08/2022 19:08

gyurghle · 31/08/2022 19:03

new buyer that should say

We probably wouldn’t continue with our purchase. We’ve had some doubts anyway because of cost of living. We would stay put for a few years.

OP posts:
Jarstastic · 31/08/2022 20:19

You shouldn’t have said you would unless you did the research. It didn’t take much research.

We did say we would and we did after our onward purchase fell through. We then from our rental make an offer on another property where the vendors said they would. Our offer was based on that.
the vendors vendors pulled out on day of exchange. Our vendors didn’t go through with moving into rental. We even offered them an extra £15k. But they expected us to move to another rental in their area. Upheaval for our children moving schools without a guaranteed purchase. Not for their children as moving in the same area.

as it happens it’s worked out for us in the end hopefully as we now have a house in our no 1 area (that house was no 2 area) we wouldn’t have got if we’d been in a chain. However, I haven’t forgiven those vendors.they should never have said that and wasted our time and money. Funnily turned out later they are in my work network. I would never do work with them and would advise anyone connected not to. They can’t be trusted.

Original poster
BaggaChip · 31/08/2022 20:27

Jarstastic · 31/08/2022 20:19

You shouldn’t have said you would unless you did the research. It didn’t take much research.

We did say we would and we did after our onward purchase fell through. We then from our rental make an offer on another property where the vendors said they would. Our offer was based on that.
the vendors vendors pulled out on day of exchange. Our vendors didn’t go through with moving into rental. We even offered them an extra £15k. But they expected us to move to another rental in their area. Upheaval for our children moving schools without a guaranteed purchase. Not for their children as moving in the same area.

as it happens it’s worked out for us in the end hopefully as we now have a house in our no 1 area (that house was no 2 area) we wouldn’t have got if we’d been in a chain. However, I haven’t forgiven those vendors.they should never have said that and wasted our time and money. Funnily turned out later they are in my work network. I would never do work with them and would advise anyone connected not to. They can’t be trusted.

I’m sorry you were messed around like that, and I’m glad it worked out in the end.

If I could go back and do the research, I would, but I can’t change our position now without putting my own family’s financial position seriously at risk.

We let our buyer know after about 7 weeks.

OP posts:
WimbyAce · 01/09/2022 20:53

Yeah I think that is it, whether the estate agent passed the message on. Ours must have known that our seller had decided to buy but didn't reveal it until the point we thought we were exchanging. Had we of known we wouldn't have gone so far with the process.

carefullycourageous · 01/09/2022 20:59

Don't worry, you made an honest mistake and you are entitled to change your mind in light of new evidence/information.

You are doing the right thing for your family.

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