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mustardbeak-
Thanks
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Update: Estate agent called today and informed us vendor is sick with anxiety and so is pulling the house off the market because of our unwillingness to have a 10 week gap between exchange and completion.
I said if the vendor is happy to complete in 2 weeks we are happy to exchange contracts now, otherwise we'll wait until October if she is planning on renovating the house she is moving to. For this estate agent told me I was "out of order". I thanked him calmly and wished him well.
I don't understand some people!
Invent
I'm looking for some advice.
We made an offer on our first home. At the time, the estate agent said the seller was buying a family member's house so there is a chain but not the worst possible chain.
2 months in, after we have done, and paid for, all the searches, conveyancing, survey etc, we have found out through the seller's conveyancer that the vendor wants to exchange contracts now, and complete in 2 months because she needs to renovate the house she is moving in to. She didn't want to start until we were tied down.
I am quite annoyed by this because it seems the estate agent told the vendor we would be fine with this then roped us in by not revealing this to us until we had invested our money.
I have refused to have a 2 month gap between exchange and completion. I am not happy to insure a property while I don't live there, and take on the added risk of a crisis (e.g. mortgage being withdrawn or being made redundant during the gap) meaning I forfeit the exchange deposit.
Am I being reasonable here? I feel like we're in a bit of a deadlock and everyone has gone quiet. Where do we go from here?