I am a first time buyer and had an offer accepted on a property in October. The occupiers have part exchanged their property and are moving into a new build, so we are purchasing the property from the developer. When we made our offer, the estate agents advised it was with the view to complete in Feb (this month) which we was fine with.
We had a call last week from the estate agents asking if we would be able to complete on the 21st. We said we are happy to if our solicitor can have everything wrapped up in time.
Yesterday, our solicitor let us know that everything was sorted and we could now look to agree a date. We said the 21st would work for us and thought this would be straightforward given the call we received last week.
However, the estate agent has called us this afternoon to say they now want to do exchange on notice. When she called I had no idea what this meant, but have since researched. I queried why they would have called with the date of the 21st if this was the case, but she didn’t know. Our mortgage offer expires on the 17th May, and I’m so anxious this will drag on for who knows how long.
Does anyone have any advice, or been in this situation? No idea especially with this being our first home. We was so excited with the idea that it could have been next week, so feeling really deflated…