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Just tell the cash buyer that you have another offer £10k over his and he needs to add a bit more before you'll do a deal, likewise the mortgaged offer, tell them to be clear on their situation and tell them that exchange is no longer than x months down the line and that they better not have shit solicitor - you will be looking closely.
Howard
Alright kiddos. Had a bit of a mare with our flat - flogged it a few weeks ago and the guy pulled out two weeks later, which has put us in a sticky situation with our purchase. Anyway it's on for the nonce, and we've relisted our flat, and got two offers.
One is £2k over the minimum we'd accept but it's a cash buyer. One is £10k over the minimum we'd accept but it's a mortgaged buyer.
I've never sold to a cash buyer before. Does it de-risk things or speed them up significantly? Bearing in mind this is a leasehold property so it'll be a long process either way.