Repo Advice

Hey all,

Just wondering if I could get your thoughts on the following situation:

A month ago I put in an offer for a repossessed house. All was well until my solicitor pulled out the deeds and it turned out the road outside the house was a private road in which I would be buying a quarter of.

My solicitor went back to first direct who took a week to process the query and today gave my solicitor the verbal go ahead to release the contract. The seller wanted exchange of contracts on the 13th of April, I couldnt because of the query.

Yesterday another bidder camr into play, my bid was of 131000 the bidder has put in a bid of 135000. I am hoping the seller will see I am ready yo complete in the next few days, and still accept my contract. the seller is RBS. Do you think RBS will go for my 131 offer which will close the sale in a couple of days, or the new bidders offer of 135, which would mean waiting another 4 weeks for them to sort their mortgage? we are both first time buyers.

i just hate the thought of going back to the mortagage offer stage to ask for 4k.

thank you for your thoughts!!

shauna