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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:
CopperBeeches · 22/08/2020 09:00

Do not do this. It is fraud. They may be trying to dodge CGT, future IHT, defraud someone else who has an interest in the house. And you will be complicit.

Secondly - what is to stop them asking for more - or pulling out for some reason and "promising to pay you back" - but the there is nothing in writing and they say "Oh,, when we... we have to wait until..." You won't get your money or the house.

Mintjulia · 22/08/2020 09:01

That sounds like fraud to me. If the money is paid separately then the Revenue won’t get their cut in stamp duty.

Walk away

Mangofandangoo · 22/08/2020 09:02

So you're being blackmailed by someone you know, whilst pregnant. What awful people they are

WoolyMammoth55 · 22/08/2020 09:03

Hi OP, I'm chiming in to agree with the others BUT if you do want the house then I think you should still proceed.

Explain calmly and rationally that all financial transactions have to be done through your solicitors.

Ask them to deal with the solicitors and say that you're happy to up your bid by £4K or £5K (or whatever you're happy to do) but that you can't do anything that could be construed as fraudulent.

Hopefully you'll get over this weirdness and it will all go ahead if that's what you both want - if I were you with an imminent baby on the way I wouldn't want to go back to square 1 just because someone's had a mad rush of blood to the head :)

Best of luck!

PickAChew · 22/08/2020 09:05

No, you certainly don't just give them money after exchange, either. Shock

Collaborate · 22/08/2020 09:06

Tell them you'll pay the £6k but only after contracts have been exchanged at the lower price.

7yo7yo · 22/08/2020 09:08

I’m sure this is pigletjohns field of expertise.
They are an expert in matters such as this and you would do well to listen to them.
For what it’s worth I wouldn’t pay them a penny and would pull out.

Hardbackwriter · 22/08/2020 09:09

I'm quite shocked that the broker told you it 'would be nothing to do with the solicitor' - while technically true they must have known that the solicitor would tell you never, ever to do this and so I think it's wrong that they didn't tell you to speak to them about it.

Longdistance · 22/08/2020 09:16

You can’t seriously want a house that much. This is as dodgy as hell. They must be desperate for money to ask for it beforehand. Just play devils advocate and say no. They’ll have to pay for an EA if they’re that desperate.

LaughingDonkey · 22/08/2020 09:21

No, walk away.

hellywelly3 · 22/08/2020 09:22

I think they’re bullying you as they know you’ve already spend money on solicitors and surveys etc and you’re pregnant so will want to move quickly. Decide if you’re happy to pay it. If you are, talk to your solicitor. Your broker will just want it to go through quickly so he gets his commission. Your solicitor gets paid either way so they’ll be the best people to talk to.

GabsAlot · 22/08/2020 09:22

and what happens if they come back wanting more even after exchange

its not your uncle is it

slipperywhensparticus · 22/08/2020 09:27

No i wouldn't it sounds ridiculously dodgy I would pull out

gonewiththerain · 22/08/2020 09:28

They may need 6 months rent upfront to rent a house. Might be worth asking a few more questions as an early exchange might be the way round it.

TryAnotherNickname · 22/08/2020 09:31

Ask your solicitor about allowing them to use the deposit - you’re paying that over anyway and the risk is in reality relatively low

CatSmith · 22/08/2020 09:38

Walk away, they are taking you for a mug. There are other houses.

OnlyFoolsnMothers · 22/08/2020 09:40

What a ridiculous/ dodgy request - do not do!!!!

SpilltheTea · 22/08/2020 09:40

Absolutely not. I wouldn't give them a penny.

TheGirlWithAPrince · 22/08/2020 09:43

definitely way too dodgy, also dont think they will pull out if you say no.

I wouldnt be giving them the money because they could pull out and you would be stuffed 6k.

FlamingoAndJohn · 22/08/2020 09:46

They know they have got you over a barrel. They know that with a baby on the way you will want to move ASAP.
So they need the money to get sorted in their new place? A failure to prepare on their part is not your problem. They could try a family member for a loan.

If they add the money onto the sale price then you can add it onto your mortgage. Otherwise tell them you don’t have £6k knocking about. They should understand that as it seems they don’t either.

DameFanny · 22/08/2020 09:48

It'll take the seller months to get money from another buyer so just say no - be ready to walk away. If they're about to conclude a sale they can get a bank loan based on that - but handing over extra money - under threat - isn't something you should be doing before or after contract exchange. And adding 6k to the value of the house will affect your loan to value and may make the contract paperwork null, which is more time and expense for you

OnlyFoolsnMothers · 22/08/2020 09:54

Btw OP I rented with money from a property sale- all money transferred over the same day (completion day)- the estate agent I was renting from saw all the relevant paperwork. Don’t do this

Requinblanc · 22/08/2020 09:59

Walk away. Sounds dodgy.

Porridgeoat · 22/08/2020 10:02

Who is this person? You say you know them? A friend ? Relative?

Tell them you can’t afford it

Grobagsforever · 22/08/2020 10:03

Oh please walk away, they sound like bullies