Hi there, wondered if I could have some opinions about my situation. It’s quite a long one so bare with me! I would be so very grateful for any advice.
To keep it as short as possible, situation is have been living with in-laws since birth of first son 18 months ago. We were previously in a rental which developed serious mould and damp in first few weeks of newborn life and that along with my pnd meant we moved in with partners parents for some help. In-laws was never meant to be permanent. Had offer accepted on 3 bed house early June 2021. We offered £10,000 over asking price to secure the house as property in good location in town we love and the market was crazy. Was the only house we liked and we saw loads. Seller had found no onward purchase but we said we could wait a little while.
Fast forward to early nov (5 months of no news) and we finally hear she has found an onward purchase. (She had found another but withdrew that offer). This property had no onward chain. They want a quick completion (March at latest).
We then have survey done of house, some red level issues regarding roof which we decide to ignore to help with the quick completion (had a builder come to look who said needs £850 of work to keep it up together for a few years, but will eventually need a new roof)
In the meanwhile I am losing my mind living with my in-laws but keeping it together. We had a date of April 12 to move in but this has been set back due to some issues with land registry. 4 weeks later we finally find out that this issue is regarding a £1.50 a YEAR ground rent charge on our sellers purchase. We are still waiting for updates regarding that issue. Our seller will not break the chain. I am desperate. We have had to renew our mortgage as offer expired months ago. Are we fools for waiting this long? We have to be out of our in-laws by end of may and then we are homeless. Rentals round here are long term only and minimum £2000 a month air b’n’b and this will be so unsettling for my baby son.
I nowwant to request we renegotiate the price to cover roof issues and us having to rent as she has kept us waiting so long. Do you think she will agree to that? Is the market still so bad that she will just say no? Has anyone done this before?
I’m sorry this is so long. Just want to hear what others more experienced would do. We are first time buyers for what it’s worth, we have been so incredibly patient but it’s wearing thin. We just want a home for our new family. I feel like we’ve waited too long to drop out but we are left with little option other than to drop out and rent, by the end of the month.