Am I being unnecessarily anxious?

[Smilingwhenrunning]

After some experience and hopeful for some reassurance.

Background... 2 weeks ago we accepted an offer on our property, our first owned home, a week later we had an offer accepted on a house we love for a relocation.

All has been going well, mortgage accepted, chain complete etc.

Today the estate agents who are selling ours contact us to answer questions about our offer of leaving the fridge etc during this phone call he mentioned that the delay at the moment is the fact the buyer can't get a mortgage. She's a Ftb I think and has a 10% deposit and they are not managing to get her mortgage.

My questions...

1. Obviously it's a crap time in the world and so mortgages are less available, does this mean the sale may fall through or do we have time?

1. Is it normal and I have just never heard about it before as last time we were not selling anything?

1. Is it normal for an agent to disclose this?

I've already been worried about the sale falling through by virtue that I suffer from mass anxiety anyway and I also can't believe we may get an amazing home.

Any experience or advice would be really helpful. TiA

Oh I'm so sorry to hear that. So make sure your estate agent gets you straight back online with some great promotion. Go back to your sellers and ask for a grace period to try and find another buyer, I've heard of people getting 2-4 weeks. Just explain the situation and ask very nicely.

Ask the sellers for more time,even if they put it back on the market you could still get it if you get your's away before they get a proceedable offer

Even in normal terms AIPs don't mean that much,people give them more importance than they deserve

Thanks,

Our EA has suggested we wait till Monday to contact people but it is already back on the market.

I am so frustrated and upset and also stressed now as I have to get the house viewing ready with two smalls and a WAH husband.

I am so worried the seller won't allow a grace period, but then I hope they do as they can see we are so invested.

Really sorry to hear this, hope you get some good serious interest very quickly, and your vendors hang on for a bit.

@user1487194234
Even in normal terms AIPs don't mean that much,people give them more importance than they deserve
Completely agree. Sadly half the first page of replies on this thread treat an AIP the same as an actual mortgage offer. An AIP is barely worth the paper it's written on.

How long were they on the market for? What is their situation with where they're going?

Have you asked if they’ll wait for you? Similar happened to a friend of mine a few years ago and her vendors gave her 2 weeks to find a new buyer and get back in the game. They weren’t in a massive rush however so I guess it would depend on your vendors situation.

Personally I would be willing to give you a few weeks to try find a new buy. I suspect there will be lots of the the same / similar issues

Thanks for the replies, we are hoping they will give us a grace period. We are really invested in the property and we don't get the feeling they are in that much of a rush. So much has already happened ie contracted being received etc that we hope they'll understand.

Does anyone know what happens fees wise with the solicitors and our agreement for the sale? I'm sure it's buried in the paperwork we have but incase anyone knows off the top of their heads.