Evening
How would you deal with this? We sold our rental property to a couple who are moving in together and were planning to rent their individual houses out. We accepted a fairly low offer based on the fact it was going to be a quick and easy chain. They had a mortgage sorted etc etc.
We are 4 weeks in and hasn't seen any committment from them in terms of surveys, searches, enquiries etc . Our estate agent and solicitor have now told us that they've actually now both sold their homes - one to a first time buyer and the other is in a small but complete chain, hence them stalling. They are now apparently funding the purchase of our house with the sale of their houses.
This is bloody annoying to us as we now are waiting and relying on 5 people in total to get mortgage offers/surveys etc etc when it should have just been our buyers!!!
The other issue is that we made our timescales very clear to them at the beginning because our fixed rate on our BTL ends soon and we do not want very long paying through the nose on a bad interest rate. If we have to start paying that whilst waiting for all this to go through, it makes us feel very bitter that we accept their low offer based on lies!! I am thinking that they never planned to rent their houses out at all.
So my question is, what would you do? Shall we email the estate agent and ask for some committment from the buyers in terms of dates/surveys etc etc?
The house sale is incredibly important for some incredibly personal reasons as it is funding us to completely relocate.