Hi there,
I was wondering if one of you lovely ladies could give me some advice.
We made an offer on a flat that was accepted that I now feel like retracting:
I asked the estate agent to take the flat off the market, appointed a solicitor and offered to instruct the survey. The estate agent then asked us to come into the branch today to "qualify our offer" and speak to their mortgage advisors which we knew was going to be a sales pitch all along since we already have an agreement in principle with a bank. They said that in order to take the flat off the market we would need to see this guy, bring our API and show our proof of funds (most from a gifted deposit from my mum in law).
We brought in our API, a stamped (from the bank) copy of my mum in laws ISA book, bank statements, payslips, ID from us and our mum.
When they saw my mum-in-laws ISA book copy they said that they didn't like that her name was on one side and the funds were on the other side of the page, both sides were stamped by Nationwide though . They said that on the basis of this they couldn't take the flat off the market and need a proper statement.
They also now said that usually you'd have to book in a survey to have the place taken off the market which I offered last week but never heard back from the estate agent about this.
The gifted deposit is a red herring really, as we have savings ourselves and our AIP is for 100k more than the flat is worth. I
Also told them that we could easily pay for a deposit out of our own savings.
I feel annoyed that they made me come into branch on a pretense, saw that we are very proceedable buyers but still won't take the flat off the market.
I also noiticed while we were there that when they were talking on the phone to other interested buyers they said things like "the property has an offer but I'm going to ask the vendor", probably about viewings.
The whole communication process with the agent was very bad, the viewings were abysmal too and the guy just couldn't be bothered.
Would you just retract your offer? I do like the property a lot.