Breaking the chain - moving home!!!

[C17GLD]

We accepted an offer on our home in March. We put in an accepted offer on a house in April.
its currently June and we have just found out our new home won’t be ready for at least 3 months due to issues with the fact their new property has no deeds.
Our buyers have said if they don’t complete in July they will pull out.
We currently live in a very small 3 bed - 2 adults, 1 17 year old, 12 year old and 1 year old. Babies cot is shoved in our small bedroom, the downstairs is tiny. We were expecting to be completed also in July but it’s not happening. Our sellers also need to do an adverse possession order as some of the garden is on our new homes deeds.

We are considering breaking the chain and moving in with my Dad for 3/4 months. He has a 5 bed house with a decent amount of space inside and out. However, we clash. We work at the same place, I’m on site, he’s a driver and my partner is a machine operator there. We earn around £1400 per week without overtime between us so I am thinking we can save good money in the meantime and even better if a nicer house comes up.
Our fixed term also ends in 1st July and our payments go from £1296 to £2000 (£1800 of that will be interest).

We are not sure whether to bite the bullet and move in with Dad, rent which I’m not keen on at all or stay here and let the sale fall through.

Has anyone else been in this position?!

The adverse possession would put me off that property alone, takes minimum of 6 months with no issues.
Can you just put up with your dad whole you regroup? Is there scope for a separate sittong room so can have his and your own space?

I’d move in with your dad, just to ensure your sale goes through. It’s not ideal, but you have the certainty of knowing that your purchase isn’t dependent on your sale.

Id also keep looking for a better house. You’ll be in a good position to move quickly if something comes up. There’s too much uncertainty with the house you’ve offered on.

Do you mean the house you're buying has the problem or the house your seller is buying? Would they break the chain and allow your purchase to go ahead if it's the latter?

I'd want to carry on with my sale. Bit only you can guess at how stressful it would be to actually live with your dad.

How is the market round your way? How easy will it be to find another buyer or another home to buy?

I would move in with your dad to complete your sale, if it's awful you can reconsider and go into a short term rental but hopefully it won't be for long and you are in a good position to move if you see a better house.

Your looking at 6 months minimum with no issues.

I’d rent given the timelines suggested above.

If the issues are down to your sellers' onward move then I'd be putting pressure on them to break the chain rather than you. Moving in with your dad would be the fallback option.

We broke the chain on our last house move due to the house we were buying going into probate. Although we had no children at that point, we moved in with family. I didn't want to lose the sale over a few months wait (we were happy to wait for our house). It also meant were were in a very good position to move really quickly when it was ready to go - we exchanged and completed in two days (Fri and Mon)

Sell your house and move in with your dad. You’ll be in the best position for when you find a new house, and can save some money.

You are lucky to have sold in this climate, OP . I would say, take your dad up on his generous offer and don't clash with him! His house, his rules, just do things his way. I t won't be long before you can enjoy your own space again.

We broke the chain when our buyers were keen to move in before their twins were born and the right house just wasn’t coming up. We rented. The interest on the equity pretty much paid the rent so it was fine.
Worked for us as the right house came up 9 months later and we were chain free and grabbed it for a good price.
Re dad. All depends on him really. What’s in it for him?!