Tempted to say it's gone up by 20% due to limited supply.
If they'd come in with something sensible there could have been a discussion. 20% is over £100k and I don't think there are any indicators that the market will drop that far.
No indication that it was mortgage company prompted. Although the son was buying it on paper I very much had the impression that it was really an investment by the parents so they pulled the plug.
It's an odd approach for sure. I guess if it doesn't come down to affordability maybe they don't to buy a place right now and are just trying their luck on the chance that you were desperate.
Tempted to say it's gone up by 20% due to limited supply.
If they'd come in with something sensible there could have been a discussion. 20% is over £100k and I don't think there are any indicators that the market will drop that far.
No indication that it was mortgage company prompted. Although the son was buying it on paper I very much had the impression that it was really an investment by the parents so they pulled the plug.