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Seller not moving

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Comments

  • Kayalana99
    Kayalana99 Posts: 3,626 Forumite
    First Anniversary First Post Combo Breaker I've been Money Tipped!
    b_girl wrote: »
    Good point! Yes we would incur a fee if we ended our mortgage. Hmmm...


    Is the fee worth losing the buyer tho? Maybe you should just say to the estate agent that due to the seller not moving your going to have to take your offer of and see what they say/happens.

    End day you could lose the house but at least you will know where you stand.

    You will lose the buyer and then lose the house as well if you wait & could end up with nothing.
    People don't know what they want until you show them.
  • mrsmchapman
    mrsmchapman Posts: 358 Forumite
    We have also had to look at this as we are in a very similar position to yours, however thankfully the family buying ours aren't rushing us, but when we looked at rental we realised we would lose £4k in early termination fee, now the mortgage company did offer a full refund if we completed within 3 months and took the mortgage with them, but timelines can never be guaranteed!
  • Kayalana99
    Kayalana99 Posts: 3,626 Forumite
    First Anniversary First Post Combo Breaker I've been Money Tipped!
    mrsmchapman wrote: »
    We have also had to look at this as we are in a very similar position to yours, however thankfully the family buying ours aren't rushing us, but when we looked at rental we realised we would lose £4k in early termination fee, now the mortgage company did offer a full refund if we completed within 3 months and took the mortgage with them, but timelines can never be guaranteed!

    Might be worth asking for 6months :) You never know what differnece does it make to them! & it save you 4k :D
    People don't know what they want until you show them.
  • DRP
    DRP Posts: 4,272 Forumite
    Name Dropper First Anniversary First Post Combo Breaker
    b_girl wrote: »
    Good point! Yes we would incur a fee if we ended our mortgage. Hmmm...

    with our mortgage with c&g it is possible to have a 6 month window between selling and buying during which you can port your mortgage... might be worth checking
  • b_girl
    b_girl Posts: 266 Forumite
    I've been Money Tipped!
    Kayalana99 wrote: »
    Is the fee worth losing the buyer tho?

    No, we would rather pay the fine than lose the buyer.

    Will check what our lenders say about this, hopefully there will be a window in which to buy another place.

    Thanks for all the advice everyone :)

    Trying to live a good life on little money :T
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