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@aggi
We were pretty much ready to exchange when they pulled out. Surveys and paperwork done.
Fairly undecided on what to do. If we can get another buyer quickly I'd probably still press on. It's going to be a long-term purchase and even a 20% drop in the market would still "only" be £60k difference on the mortgage I'd need.
The issue if we don't get another buyer and lose the property we want to buy is going to be the scarcity of properties on the market over the next year or two (and first time buyers wanting to buy my place).