Pulling out of purchase

[ASillyPhaseIAmGoingThrough]

I have had a survey, builder around etc. I am having second thoughts. The vendor lives next door, it was their deceased relatives home. There have been a few things about next door that make me worry they will be neighbours from hell. How do you pull out at this stage?

Just do it, if it isn't right don't go ahead - too big a purchase. Just phone EA and say withdrawing offer for personal reasons.

If you haven't exchanged contracts yet, you can pull out at any time with no repercussions (apart from losing the surveyor's fee). If you have doubts, the sooner you pull out the better really.

What happens with the mortgage? Do you have to get credit scored etc again?

That totally depends, mortgage offers usually issued for a set period 3/6 months, so if find another property in same value range can carry on - you need to check with your mortgage advisor

Our vendor pulled out of our first purchase days before exchange of contracts. We were able to make an offer on a second property (for the same price) without re-doing mortgage paperwork extensively. It has to go back to the risk assessors as a formality and they have to do a valuation survey on the next one. But basically because I'd signed a mortgage offer for the first property that was good for 6 months. If we don't complete on the next property within that 6 months then we have to start from scratch with the credit scoring etc. I think if you wanted to increase your borrowing over what was previously agreed you would have to get scored again too.

Thanks for that. It feels horrible, you imagine living in a place etc and have to start looking again for another property, never mind the costs. The vendor instructed the estate agents to phone me daily for weeks, knowing I was having an op and wasn't well, I didn't twig why all the calls untill I thought this is ott and stopped taking calls and was called, Texted and emailed twenty times in a day and a half, the agent said in an email, their client insisted they were in constant contact with me, that ott behaviour and there were stalking incidents by the vendor/neighbour every time I viewed the property, make me think, control freak weirdo alert.

Blimey, sounds like you had a lucky escape!

Just send a very gracious email to the agent apologising to all concerned and saying that you are no longer able to continue with buying the property.

30% of house sales fall through ... hopefully it will not come as an actual shock to the vendors or EAs.

Ooohhh, no. Even reading this has made the hairs prickle on my arms.
I believe in intuition and if there is any doubt then step away now.
I have been in a similar situation and it was only a couple of days before we signed that both me and hubby admitted to each other that we felt it wasn't the right hose for us after all. 5 years later the house is back on the market for what seems like the 6th time.
Do not feel bad. All sounds a bit strange. Much too important to worry about letting the vendors down.

ATM people are pulling out all over the place. I have viewed 9 houses since xmas all went under offer but none completed so you can use any excuse re mortgages etc and the agent won't be surprised. It is a huge spend don't make an expensive error!

I wrote a strong worded email to agent stating their behaviour wasn't on and was harrassment, I told them I will from now on communicate once a week or if something comes up, it won't come as a shock to them, and I will say its due to the harrassment.

So you are going ahead with a house you don't want ?

No. I got the email and weirdo ott calls Thursday/Friday, i responded Friday. I have been pondering it since and decided today to pull out, I haven't told them yet.

Just do it. If you're not sure pull out now. If they've manage to be awkward already they sound the neighbours from hell. I wouldn't go into all the ins and outs just say you've decided the house isn't suitable after all.

Sorry cross post. Hope you get it sorted!

Blimey. I think you are right to tell them it's due to harassment.

Oh I see misread it!

I will compose an email in the morning. On reflection, I will just keep it simple and say I am sorry I am pulling out of the purchase. I am sure they can work out for themselves the reason, they had confirmation I had a mortgage etc.

I don't want to live next door to someone who has no empathy and makes ott demands.

Yes, I think keeping it simple is the way to go - you don't have to state your reasons, and in the case of these particular vendors, it's probably best not to.