We put a second home on the market in September and were lucky enough to accept just below the asking price from the first viewer. As part of the deal and to speed up the sale we also agreed to pay costs of £2000 for her to extend her lease to 999 years.
Well, she pulled out on the last day of business before the Christmas break, giving very vague reasons but apparently she’s also building a home in Portugal, and we think the costs must have spiralled there.
Our conveyancing and lease extension costs are now almost £5000! As they’ve been closed I haven’t had a chance to discuss this yet with them, but we just don’t have that sort of money to pay my solicitor until we sell the apartment.
The next sale will be much quicker for them as we’ve already completed the forms, so I wondered if it was possible to negotiate with them to pay all costs on the subsequent sale. If not, can we go with another solicitor and then pay the original back when the sale goes through?
We’ve also lost our long term tenant because we had to serve notice (he’d love to come back but has just signed another contract) so our only option now is to spend what little money we have furnishing the flat for AirBnB, so we can continue with viewings
Thanks for reading what’s become a rather long thread!