We were all ready to exchange next week when buyer decided he wanted to get a quote done on something the survey raised and we have ended up having to accept a 2.5k drop.
Estate agent suggested we proceed at pre-agreed sale price and the solicitors keep that money as a retainer (?) to be paid back after. Their solicitors have refused and said lender must be told and make the change to the mortgage offer. How long do we think this is likely to take in the current climate?
So frustrated this wasn’t sorted earlier as our mortgage offer expires 28 Oct and we’ve been aiming to complete on 21st. Just wondered how quickly we can expect a minor change like this to be a actioned - I believe their mortgage is for 150k purchase price originally 575k.