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Property/DIY

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Original poster

Seller now wants an extra £6000

135 replies

meeeeh · 21/08/2020 23:42

We are about to buy a house and have a baby on the way, now the seller is saying they want an extra £6000 or they'll pull out, what should we do? I feel like walking away but we are getting the house for a good deal

OP posts:

BillywilliamV · 21/08/2020 23:44

If it’s still a good deal then pay the extra £6,000, if not then walk away!

LouiseTrees · 21/08/2020 23:45

Well you can either counter for an extra 4 or 5 grand rather than the 6. Or walk away. It depends how much of a good deal it is with the price increase.

Original poster

meeeeh · 22/08/2020 00:04

To complicate things the seller is someone we know and wants the £6000 as a bank transfer before the sale is finalised, I'm worried if we pay it they could ask for more and threaten again to pull out

OP posts:

HellonHeels · 22/08/2020 00:05

That sounds dodgy.

Nomorescreentime · 22/08/2020 00:05

Woah I would absolutely not agree to a random bank transfer! That is ridiculous.

PegasusReturns · 22/08/2020 00:06

How much do you want the house?

I’d be inclined to say sorry can’t afford it and be prepared to walk away

BF2748 · 22/08/2020 00:06

That doesn’t sound right. Would the Additional £6000 be noted in legal documents/contract? If not don’t do it. Just because you know them doesn’t mean they won’t try to pull your pants down.

BluebellsGreenbells · 22/08/2020 00:08

Same applies. They know you and have the cheek to ask for more money. It’s not what you a greed. Speak to your solicitor.

BeBraveAndBeKind · 22/08/2020 00:09

To complicate things the seller is someone we know and wants the £6000 as a bank transfer before the sale is finalised, I'm worried if we pay it they could ask for more and threaten again to pull out

I'd pull out of buying it based on this. You'd have no protection if you paid by bank transfer before the sale. That's a very dodgy request.

cantstopsinginglittlebabybum · 22/08/2020 00:10

Walk away.

Soontobe60 · 22/08/2020 00:14

@Lalalalalalalalalalalalla

absolutely not. walk away

Original poster

meeeeh · 22/08/2020 00:22

I am gutted to lose the house as it's taken us 5 months just to get a mortgage offer with covid and the lockdown, we've already paid out in solicitors fees, for surveys.
Unless they want to add 6k to the house which I suppose they could do I was thinking it isn't legal.
I want to pull out but really don't want to start from scratch again with a baby due soon.

OP posts:

jimmyjammy001 · 22/08/2020 00:39

What has your mortgage broker/solicitor/estate agent said about paying an extra 6k via bank transfer? What happens if they pull out anyways once you have paid it? I would be walking away them being greedy by sounds of it.

Pixxie7 · 22/08/2020 00:41

It sounds dodgy to me tell them you will see if you can increase your mortgage but will not transfer anything over to them before exchanging, they probably don’t want to loose the sale.

AskingforaBaskin · 22/08/2020 00:41

Is this not the sort of discussion you should be having with your solicitor?

However. My first response would be don't be so daft.

PigletJohn · 22/08/2020 00:43

Glad to see you say you know them, and you don't say they are friends.
Obviously they aren't.

Don't accept this demand.

Don't apologise, or give reasons or excuses, beyond saying "Sorry - No."

PyongyangKipperbang · 22/08/2020 00:47

Dont do it.

Its dodgy as fuck.

Does the added 6k, if it was on the sale docs, take them over the stamp duty threshold or the pension/benefits savings threshold?

Pull out. I bet they will blink before you do. Or say that you will pay it but need to put it through the lawyers and onto the mortgage, I bet they will soon back down.

PyongyangKipperbang · 22/08/2020 00:49

Or play them at their own game, agree (verbally, not in writing) that you will pay it once the sale has gone through but dont......

Original poster

meeeeh · 22/08/2020 00:51

They're saying they need it before completion to sort out somewhere else to live, spoke to my broker about it who said that would be a private agreement between us and them and nothing to do with the mortgage or solicitor.

I will suggest adding it on to the value of the house, it makes no difference re stamp duty or anything else

OP posts:

Original poster

meeeeh · 22/08/2020 00:52

@PyongyangKipperbang

Or play them at their own game, agree (verbally, not in writing) that you will pay it once the sale has gone through but dont......

We did say this and they said they need the money now before completion

OP posts:

AtrociousCircumstance · 22/08/2020 00:53

Refuse. Don’t be manipulated. They’re being dodgy and unreliable.

CatAndHisKit · 22/08/2020 00:56

before completion is ok if it's AFTER exchange. Have a gap of a few weeks between the two so they can sort the rental out.
It's like they are trying to mislead you by not mentioning the exchange, but worth trying this if you don't want to lose the house.

ballsdeep · 22/08/2020 00:57

Omg that's awful. Don't do this, there's nothing to stop them pulling out after you've paid them 6k!!!! Cheeky buggars.

PigletJohn · 22/08/2020 00:59

"I will suggest adding it on to the value of the house"

Don't.

please send me £6,000 instead.

Used notes please.

No paperwork.

I need it to bet on a sure thing.

KoalasandRabbit · 22/08/2020 00:59

Definitely don't pay anything until exchange and via solicitors, that sounds incredibly dodgy. I would mention it to your solicitor and estate agent.

I wouldn't pay it and might walk away either way but if I really wanted house I would proceed at the price now if they are willing to do that and proceed quickly through the correct legal routes.

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