Hope someone can help as I need advice. We are at the exchange stage of house buying and sellingI have been told today that our 'first time buyer' doesn't have deposit funds as he is waiting on funds from the sale of his partners flat. House sale is in his name only and any flat she owns shouldn't come into it surely? Estate agent said they know nothing of another property to sell and are desperately trying to speak to his solicitor etc. Where do I stand? My vendor and us are all set to exchange and we thought our buyer was too, now it seems he lied. How did he get mortgage offer without proof of funds? I'm lost for words and totally gutted and can't sleep for worrying. This flat is allegedly four weeks away from completion so do I have to wait it out or can I insist he exchanges asap and has to' borrow' the deposit?