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WWYD? Risk losing the money or the house?

1 reply

NotAnotherNewNappy · 18/02/2012 10:06

DH and I live in social housing and have applied for a scheme whereby we could get a grant of 16k towards a deposit if we give up our flat. Unfortunately, our dream* house came on the market before the scheme was formally approved and we foolishly made an offer on it (believing our HA's assurances that everything would be sorted by the time we were ready to proceed).

Now everything its ready to go through with the sale but the HA keep putting us off. Wwyd - keep pushing the vendors back in the hope the money will come and risk loading the house? Or cut your losses an d forget about the money?

*Our dreams are quite humble!

OP posts:
PigletJohn · 18/02/2012 10:47

tell the vendors the money has not come through yet, and what information you have from the HA.

They will probably want to keep you as buyers as you have got so far. If you don't tell them why, they will get fed up and boot you out.

They are of course entitled to say they don't want to wait any more and start looking for another buyer. Maybe you will be sorted before they do. You haven't got to give up yet, but maybe try not to spend any more.

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