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Original poster

About too exchange and buyer raised last minute issues?

36 replies

Sp3849 · 14/12/2020 22:04

Was hoping too exchange today and Complete Friday 18th. We are In a chain 5 we are one Down from top. We are relocating and need too be in before January because of husbands new job. Our buyer has now today stated they want us too pay for the outstanding green Deal scheme on our house before proceeding. (we had external insulation on the house and under the scheme you pay through your meter at a cost of about 6 pounds a month. There are 22 years left) I am so angry. The buyer asked too see all the paperwork for this prior too making an offer. He went through all the warranties certificates manuals and had it inspected prior too making his offer on our property. He was fully aware of the outstanding balance (£1500) and the monthly cost before making an offer on our house. He knew that the scheme stays with the property. He now has decided after 4 months on the day of exchange he wants us too pay it off as he doesn't want too pay for it! He already knocked 2500 off when offering us a price for our house!!! My husband is so pig headed in the sense he will not back down, even though we could afford too pay it and stand too loose so much more if we don't. On the other hand I dont see why we should meet his demand and am tempting too stand my ground? I feel he is trying too take advantage knowing we are up against it on time!

OP posts:
FestiveChristmasLights · 14/12/2020 22:06

I’m guessing he thinks that you will agree because you want the sale to go through whereas the reality is you wouldn’t have entertained the idea if he brought it up earlier.

I’d refuse.

ImpossibleGirl · 14/12/2020 22:08

What an arse!

Stand your ground. He stands to lose a lot more than £1,500 in fees and searches if he walks away now. He's trying it on.

Lovelydovey · 14/12/2020 22:13

So frustrating and a complete game of chicken as to who will compromise/back down first.

Could you offer to meet half way on this as a gesture of goodwill? (And then shove prawns down the backs of radiators before you move?)

Hotcuppatea · 14/12/2020 22:16

I'd be inclined to split the difference.

He's trying it on and it is maddening, but it'll be past history when you get the keys to your new house and your DH starts his new job.

Original poster
Sp3849 · 14/12/2020 22:27

@hotcuppatea @lovelydovey yes now this is a point. I have asked the solicitor too go back and stress that we have always been honest and buyer was always aware of situation. If its not resolved tomorrow then I will go back with this good will gesture. Much too my husbands dismay, he is so bloody stubborn! He "would rather loose it all than be bullied into giving the man his money. " I have been eyeing up the hollow curtain poles @lovely dovey, will fit quite alot of prawns in them Grin

OP posts:
mountains76 · 14/12/2020 22:57

Tell the buyer it's a firm no, then wait a couple of days. If they don't get back to you they didn't want the house anyway. Chances are they will ask you if you will go halves.

DiesalFive · 15/12/2020 08:32

He made his offer knowing the balance due to be paid off so he's definitely trying it on. I'd be as stubborn as your husband!

I agree if he walks away then he is looking for a way out.

senua · 15/12/2020 08:54

If he doesn't get your house then he won't get another completed before the Stamp Duty holiday is up. This little stunt could cost him £15,000.

ginandvomit · 15/12/2020 08:57

Been in a similar situation with buyer places demands last minute - drop price 5K. I was in another country and called their bluff despite my agent recommending we give in (uk EA's seem to forget who they work for!). It paid off, they backed down and it all went ahead. I really hate these tactics, disgusting behaviour. Don't give in.

Bleughbleughbleugh12 · 15/12/2020 08:59

Such a hard one 😬 I’d be tempted to stand my ground too!

ginandvomit · 15/12/2020 08:59

Also don't even negotiate, firm no. If they back off they weren't genuine in the first place and as previous poster said they'll miss out on stamp duty saving. So greedy!!

Horseradish01 · 15/12/2020 09:06

Firm no. Disgusting when people pull stunts like this. He’ll stand to lose conveyancing fees, broker fees and stamp duty saving for the sake of a paltry £6 per month.

HappyMouse · 15/12/2020 09:09

I agree with @Senua. Stand your ground. The stamp duty offer runs out in march which could affect things financially for them.

gottakeeponmovin · 15/12/2020 11:56

The person we bought our house from demanded 10k more on the day of exchange. Some people are just wankers. We paid it

Cavagirl · 15/12/2020 12:02

What's the buyer's position? You've got a January deadline (although presumably in theory you could put stuff in storage and Airbnb or something.... not ideal and will cost more that £1500).
What's the buyer's situation, do they have a pressing reason to want the sale to go through or do they have the luxury of time?
If you are in the weaker position I'd be prepared to pay it as your alternative is worse, as annoying as it is.

Original poster
Sp3849 · 15/12/2020 12:33

@cavagirl he isn't in the best position too beaking demands either. He is going through divorce and stuck living with his ex wife in their marital home. They are both selling and buying separate houses.

OP posts:
Cavagirl · 15/12/2020 12:54

Does he have a chain? Presumably he needs to sell the marital home to be able to buy?

VinylDetective · 15/12/2020 13:22

I’ve been where you are. My buyer demanded a reduction “just because” the day before exchange. I told him to piss off. The sale went through at the agreed price. He’s trying it on, stand firm.

Salome61 · 15/12/2020 13:45

So sorry, it is so stressful. I was selling to a horrible arse too and withdrew from the sale before exchange as I knew he'd be pulling all kinds of 'money off' tricks like this. Unfortunately he offered the most at auction, but at least I didn't have to be involved in his disgraceful 'negotiations'.

I'd say no too, and no nice card and wine when he moves in.

FurierTransform · 15/12/2020 14:07

As per everyone else, a firm 'no - as agreed previously' and stand firm, no going halves. Such check needs to be put in it's place. It sounds like he has a lot to lose.

user1471538283 · 15/12/2020 16:21

Tell him no. He is changing his arm. £1.5k against a mortgage is nothing and he knew about it. One of my buyers tried the "I need £1k off because it's an old house" just before exchange. Nah mate. It still went ahead

Londongent · 15/12/2020 16:55

Given his situation, I would tell him no. He is just trying it on, call his bluff. This is a last minute negotiation he is trying in order to save a little bit of cash. He would be out of pocket for his conveyancing fees and survey, and would lose the stamp duty holiday, potentially have to do a new mortgage application etc. He is not going to let all that go down the drain for the sake of £1500.

Loofah01 · 15/12/2020 17:04

Give a polite refusal and remind him the offer was in the full knowledge of the situation. Any goodwill gesture from me wouldn't exceed £500 and that would really be through gritted teeth

FestiveChristmasLights · 15/12/2020 17:19

[quote Sp3849]@cavagirl he isn't in the best position too beaking demands either. He is going through divorce and stuck living with his ex wife in their marital home. They are both selling and buying separate houses.[/quote]
Bet it’s his wife who has ended the marriage!

MadeForThis · 15/12/2020 17:49

No way.