Page 6 | Buyers pulled out today

Thefaceofboe · 2025-07-30T08:14:21+00:00

Our buyers have pulled out today, the day we were due to exchange. My house is in boxes ready to relocate across the country. My child is due to start school in September and we both have jobs lined up. We have spent so much money (more than we have) on this. I’m in total disbelief. Not sure what I want from this thread really [sad]

canyon2000 · 31/07/2025 18:34

How lovely of your parents! It will be a bit of an adventure for them too.

rainingsnoring · 31/07/2025 19:31

Thefaceofboe · 31/07/2025 17:58

So bit of an update. My amazing parents have suggested a house swap, where we live at their house and they move down here until we are able to find a buyer and somewhere new to move. They are retired but have all their family and friends here, so not an easy decision for them. The only catch is we have to look after their chickens Really sad about the house we’ve lost, but have decided to walk away and keep looking. A bridging loan wasn’t possible as I’m on maternity and then technically unemployed for a month

Edited

How absolutely lovely of them! It means you can all move on with your lives still and can get to know the area better.

JustMyView13 · 31/07/2025 19:48

Your parents are so lovely!
(Do we think they remembered who picks the care home? - They’ll be wanting a sea view 🤣)
As tough as it feels, I’m always sure what’s meant to be works out. I really do believe & hope in 5yrs you’ll look back and be so happy this all happened.
Definitely give the Job a call back if you genuinely liked it, you never know!

Spirallingdownwards · 31/07/2025 19:56

What a great solution and lovely parents

Original poster

Thefaceofboe · 31/07/2025 20:14

JustMyView13 · 31/07/2025 19:48

Your parents are so lovely!
(Do we think they remembered who picks the care home? - They’ll be wanting a sea view 🤣)
As tough as it feels, I’m always sure what’s meant to be works out. I really do believe & hope in 5yrs you’ll look back and be so happy this all happened.
Definitely give the Job a call back if you genuinely liked it, you never know!

Oh they will be getting a sea view with all the trimmings!

OP posts:

SunnySideDeepDown · 31/07/2025 20:22

HonestOpalHelper · 31/07/2025 11:32

Its really not that expensive all things considered to get the Removals company to do a full pack - I've never done any packing, just let them come in and crack on - the speed and efficiency is amazing to behold, never had a single broken item and if they pack its all insured by them.

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My most recent quote in Feb 2025, to move a 3 bed house (and not pack) to a road 2mins drive away was £3000. How is that not a lot of money?

SunnySideDeepDown · 31/07/2025 20:26

Thefaceofboe · 31/07/2025 17:58

So bit of an update. My amazing parents have suggested a house swap, where we live at their house and they move down here until we are able to find a buyer and somewhere new to move. They are retired but have all their family and friends here, so not an easy decision for them. The only catch is we have to look after their chickens Really sad about the house we’ve lost, but have decided to walk away and keep looking. A bridging loan wasn’t possible as I’m on maternity and then technically unemployed for a month

Edited

That’s a fantastic option. Your parents are amazing ❤️

HonestOpalHelper · 31/07/2025 20:32

SunnySideDeepDown · 31/07/2025 20:22

My most recent quote in Feb 2025, to move a 3 bed house (and not pack) to a road 2mins drive away was £3000. How is that not a lot of money?

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Not much in terms of the outgoings of buying and selling - I wouldn't consider it much money given what you are doing.

HouseHouseHouse7 · 31/07/2025 21:05

I’m so pleased for you OP.

Imagine if you now sell for more than the couple had offered! 😁

MarySueSaidBoo · 31/07/2025 21:13

My DD is selling and they've had a sale fall through 4 months down the line. Nearly lost them their new build purchase but thankfully they had another offer within 10 days and that's proceeding nicely.

I think the system is shit - people need to put a deposit down with their offer.

Toddytoddyrumskin · 01/08/2025 03:03

What amazing parents you have @Thefaceofboe .

SunnySideDeepDown · 01/08/2025 06:51

HonestOpalHelper · 31/07/2025 20:32

Not much in terms of the outgoings of buying and selling - I wouldn't consider it much money given what you are doing.

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Then you must be fairly wealthy. For most households that’s a significant sum of money.

Anon1029 · 03/08/2025 18:32

HonestOpalHelper · 31/07/2025 20:32

Not much in terms of the outgoings of buying and selling - I wouldn't consider it much money given what you are doing.

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We had two quotes of around £6000 for removers to pack up our 2 bed terrace lol.

Anon1029 · 03/08/2025 18:38

@GasPanic it most certainly is a system. And systems in other countries like Scotland, France and the US legally require the buyer to put down a deposit relatively early in the process. It's precisely the reason that buyers in England put in and withdraw offers at a moment's notice.

I also think the survey should be the seller's responsibility and be openly available to all buyers. Then it would a simple process - see the house, see the survey, put in an offer, offer accepted and deposit paid. Then you can plan your move with certainty.

Elektra1 · 03/08/2025 19:05

New2you · 30/07/2025 18:35

When you get a new buyer ask if they can buy the surveys from the previous solicitor

This doesn’t work because the surveyor’s report very clearly states that it’s prepared only for the client who commissioned it and the surveyor accepts no liability to any third party. So if you’ve paid for a survey report which was commissioned by someone else, and you then want to sue the surveyor for negligence if it proves to be wrong about something serious, you wouldn’t be able to.

Original poster

Thefaceofboe · 03/08/2025 20:12

Elektra1 · 03/08/2025 19:05

This doesn’t work because the surveyor’s report very clearly states that it’s prepared only for the client who commissioned it and the surveyor accepts no liability to any third party. So if you’ve paid for a survey report which was commissioned by someone else, and you then want to sue the surveyor for negligence if it proves to be wrong about something serious, you wouldn’t be able to.

Edited

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That’s interesting because I’ve seen this suggested a lot on Mumsnet

OP posts:

Fridgemanageress · 03/08/2025 20:30

would you be able to get a buy to let mortgage on your existing house, and get a homeowner’s mortgage on your new property?

HonestOpalHelper · 03/08/2025 22:22

Anon1029 · 03/08/2025 18:38

@GasPanic it most certainly is a system. And systems in other countries like Scotland, France and the US legally require the buyer to put down a deposit relatively early in the process. It's precisely the reason that buyers in England put in and withdraw offers at a moment's notice.

I also think the survey should be the seller's responsibility and be openly available to all buyers. Then it would a simple process - see the house, see the survey, put in an offer, offer accepted and deposit paid. Then you can plan your move with certainty.

I've never had a survey done though, so I've not paid for one, if the seller had to have it done first presumably that cost would pass on to me?

Elektra1 · 04/08/2025 07:59

Thefaceofboe · 03/08/2025 20:12

That’s interesting because I’ve seen this suggested a lot on Mumsnet

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It’s the sort of thing that most people wouldn’t find out until they tried to rely on the report to sue the surveyor. But the wording is clearly set out in any surveyor’s report, just as it is in similar things such as valuation reports produced by accountants. Professionals giving advice need to know where their liability is. If they were writing a report which was intended to benefit more than the named client, the price for the report would be higher (to reflect the increased insurance risk) - that’s if it was even possible for them to do that (I’d imagine it may invalidate the PI cover).

wisbech · 04/08/2025 08:03

TuesdaysAreBest · 31/07/2025 15:13

Agree. In some other countries there’s a contract to buy which carries a penalty of lost deposit if buyer pulls out. I don’t understand why that’s not "allowed" here.

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It is allowed here. It is called exchange of contracts - if the buyer pulls out after that, they lost the deposit. You can ask for it to be, say, a week after offer made.

RE Australia, especially in the East Coast, many houses are sold by public auction. So you buy a house at auction, pay deposit, then immediately put your house up for auction. Also, it is quite common for a 'normal' via EA house purchase contract to say 'subject to buyer getting financing & satisfactory survey' - so the buyer can still pull out for material reasons (but, not, say because they had broken up with their partner)

As the system is then quite quick, people move into rented/ hotels/ family while they buy their next house, rather than being in a chain. Or you buy your next house before you sell yours, have 10% deposit down, which incentivises you to sell yours fast as well before you need to pay the 90%... (again, possibly selling by auction)

GasPanic · 04/08/2025 11:32

Anon1029 · 03/08/2025 18:38

@GasPanic it most certainly is a system. And systems in other countries like Scotland, France and the US legally require the buyer to put down a deposit relatively early in the process. It's precisely the reason that buyers in England put in and withdraw offers at a moment's notice.

I also think the survey should be the seller's responsibility and be openly available to all buyers. Then it would a simple process - see the house, see the survey, put in an offer, offer accepted and deposit paid. Then you can plan your move with certainty.

If there is a system in England feel free to let us know what it is.

The seller doing the survey. Has some disadvantages and advantages. For example surveys come in 3 levels. Which level should be performed ? If a buyer doesn't want a survey why should they have to pay the cost of it to the seller ? The survey should not be done by the seller in the interest of the buyer. It should be done by the buyer in the interest of the buyer. Otherwise you get the potential of collusion between seller and surveyor to upvalue a property. Hence the reason given for the failure of HIPs :

https://www.gov.uk/government/news/lack-of-trust-condemned-hips-to-failure

Lack of trust condemned HIPs to failure

Independent research proves that Home Information Packs were ignored by the very people they were meant to help, backing the decision to scrap…

https://www.gov.uk/government/news/lack-of-trust-condemned-hips-to-failure

TuesdaysAreBest · 04/08/2025 12:54

HonestOpalHelper · 03/08/2025 22:22

I've never had a survey done though, so I've not paid for one, if the seller had to have it done first presumably that cost would pass on to me?

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Scottish system moved to Home Reports years ago and ended the cartel like hold that surveyors had on the market. The seller pays for and completes a one off home report which is available to all interested purchasers.

TuesdaysAreBest · 04/08/2025 12:56

But….last time we checked the deposit arrangement mentioned earlier was not possible in Scotland. Maybe that’s changed.

Original poster

Thefaceofboe · 04/08/2025 18:06

Well the good news is we have another buyer already! It took quite a while to sell last time, over the weekend we had 5 viewings, and today I’ve had 2 offers 😁 I’ve accepted an offer from a FTB who is also in a hurry to get things pushed through.

OP posts:

GasPanic · 04/08/2025 18:18

Brilliant news. Fingers crossed it moves through quickly.

It sounds like your house is in an area of high demand.