You are reading a single comment by @NickCJ and its replies. Click here to read the full conversation.
  • JFC.

    Our vendors want to complete while we are out of country - we are first time buyers, currently renting, there may be some overlap with our last month's rent and first month of mortgage, so vendors made offer of a small lump sum to facilitate earlier completion than we wanted (we wanted to complete when we came back).

    Fine.

    Solicitor tries to do it as allowance, but broker points out that will take us over 90% LTV so the solicitor says no, can't be done that way. OK. Explain to vendor. Discuss via estate agent. New offer made, informal guarantee letter written, signed by all parties, cool.

    But, now an email from our solicitor saying vendor solicitor has emailed them to say they are aware that we no longer wish to proceed with the agreement, can we confirm as this is only thing preventing exchange.

    WTF. No. Why are these people telling their solicitor when they surely know they are meant to be doing this on the QT.

    All the stress that left my body yesterday has returned... Estate agent for vendors now frantically trying to get vendors to guarantee to us that the agreement does still stand.

    Rant over.

  • I assume this is part of the fact the agreement is informal - it has to be formally denied and you have to state in writing that it doesn’t exist.

  • Nah there wasn't anything like that in there. It was brokered by the estate agent between us and the vendor, noone else any the wiser until the vendors (reasons known only to them) told their solicitor...

About

Avatar for NickCJ @NickCJ started