It’s a long one- but any and all advice welcome.
We sold our house in November, had our offer accepted on our next house in December which is vacant. And since then we have had nothing but issues. Important to note- all houses in the chain are for sale with the same branch of estate agent.
Our buyer originally had a cash buyer who then couldn’t prove their funds but once that fell through sort of 2 weeks after their offer they immediately had another buyer. Turns out this buyer had a property that they sold to a first time buyer- who then dropped out in April but the EA managed to resell it to another first time buyer the same day. So the new buyer then had to go through all searches etc.
We are now at the point where our mortage and contracts have all been ready to exchange since the end of March. However, due to the time taken for the bottom of the chain to complete their paper work the next person in the chain searches and mortgage offer have all expired and they now need new searches which are currently a week late and the solicitors aren’t chasing. Our solicitor is ringing our buyers solicitors trying to chase them but the buyer doesn’t get back in touch . Estate agent is actually best placed to keep everyone updated as they have the information for the whole chain. Our searches have also now expired but our lender is happy to have some insurance to cover it.
We’ve been pushing for a date since July.
Last week we were told we’d be moving this Thursday mortage funds requested, today we were told our buyers solicitor only gave a yes it’s possible answer and so our solicitors requested the funds. But it turns out that actually the bottom of the chain isn’t ready and they’ve now only informed our solicitors today. So now we are going to incur a fee around the funds no longer being needed this week and having to be cancelled.
Our solicitor has pushed for a date - we have said next Friday at the absolute latest as in mean time I am 20 weeks pregnant and my child is due to start reception in September and I can’t even tell her which school she’s going. My husband starts travelling abroad for work again in September so literally is August or nothing until the spring.
are we idiots? Should we have pulled out before now? What options do we have? To be fair it’s not imperative that we move but we want the driveway, the bigger garden, the better school option and we do like our little terrace but it’s going to be a squeeze with a second child.