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Sorry am I understanding this correctly that the vendor wanted the money now and was only going to give you the keys in Oct?
If I am paying for something now, I want it now. Isn't it the very basic of buying something?
ExTra-
Surely money only changes hands on completion. Exchange just locks the seller / buyer in with a legally binding contract.
Tbh I don't really think the principle of asking is unreasonable, as for eg when we moved we were staying at my folks so pretty flexible. But ultimately you've said no.
What I'm not getting is why they don't rent a place for the 10wk period, stay with friends or even God forbid, live in the house while they do it up - my folks lived out of one room in a derelict building with newborn me. Why on earth didn't they didn't flag their timelines from the start?
Also renting a place can't be about not having money, because otherwise how are they going to afford to buy the family members house without selling their house? Personally I'd ask the direct question of why they can't rent for the interim, and offer a compromise of 4wks.
hugo7
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!