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  • FIRST POST
    • Jamesdaurat
    • By Jamesdaurat 17th May 17, 9:48 PM
    • 1Posts
    • 0Thanks
    Jamesdaurat
    Purchase fell through at sellers fault
    • #1
    • 17th May 17, 9:48 PM
    Purchase fell through at sellers fault 17th May 17 at 9:48 PM
    Hi

    I am currently in the process of buying a shared ownership property through a housing association, we had our offer accepted almost 6 months ago!

    When we accepted the offer we were made aware that the house purchase may take a month longer than usual due to extra paper work for shared ownership but only in conversation. Since then my wife became pregnant which means we can't get a mortgage offer extension and deadline is about to be hit.

    The issue is the seller but the property up for sale but the issues with the property not being a quick sale even though there was no chain is that the housing association went into this agreement before they had all the correct certification to sell the property. The house is not properly insured since being build and the warranty information is incorrect but the company tried to say that it will stand, there was also a piece of unadopted road outside the property, this should of been done years ago, we found out that it's the housing associations responsibility to contact the council and they haven't and since we started the council actually contacted them and they didn't respond.

    We feel that because there was no chain and the property should not of been put up for sale unless it was ready for sale would hold them responsible because if the council don't get a response it could take another 6 months to adopt this road outside. How is that acceptable to keep someone waiting that long?

    Any help would be greatly appreciated

    Thanks
Page 1
    • gycraig
    • By gycraig 17th May 17, 11:21 PM
    • 354 Posts
    • 255 Thanks
    gycraig
    • #2
    • 17th May 17, 11:21 PM
    • #2
    • 17th May 17, 11:21 PM
    Even if what you are saying is correct what exactly do you want to happen ?
    • davidmcn
    • By davidmcn 17th May 17, 11:40 PM
    • 5,596 Posts
    • 5,375 Thanks
    davidmcn
    • #3
    • 17th May 17, 11:40 PM
    • #3
    • 17th May 17, 11:40 PM
    Any help would be greatly appreciated
    Originally posted by Jamesdaurat
    I'm also confused about what advice you're seeking. It's not the housing association's fault that your wife is pregnant.

    At least, I hope it isn't...
    • comeandgo
    • By comeandgo 17th May 17, 11:54 PM
    • 1,715 Posts
    • 2,293 Thanks
    comeandgo
    • #4
    • 17th May 17, 11:54 PM
    • #4
    • 17th May 17, 11:54 PM
    Why is the unadapted Road causing problems? Many housing developments have unadapted roads and this does not stop purchasing a house.
    • ACG
    • By ACG 18th May 17, 3:00 AM
    • 15,222 Posts
    • 7,697 Thanks
    ACG
    • #5
    • 18th May 17, 3:00 AM
    • #5
    • 18th May 17, 3:00 AM
    If England or Wales, unless you have exchanged contracts there is not a great deal you can do.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • rentmekid
    • By rentmekid 18th May 17, 3:52 PM
    • 51 Posts
    • 25 Thanks
    rentmekid
    • #6
    • 18th May 17, 3:52 PM
    • #6
    • 18th May 17, 3:52 PM
    he he, now that's what im talking about
    • csgohan4
    • By csgohan4 19th May 17, 7:56 AM
    • 3,633 Posts
    • 2,271 Thanks
    csgohan4
    • #7
    • 19th May 17, 7:56 AM
    • #7
    • 19th May 17, 7:56 AM
    anything other than Exchange, you have no comeback. Knowing the house buying will take so long, you had choices as to whether you would have a child or not.


    Ultimately the mortgage offer issues is not the council's problem. But rather a result of your life choices.


    Personally i wouldn't touch Shared ownership, too many problems.
    "It is prudent when shopping for something important, not to limit yourself to Pound land"
    • dunstonh
    • By dunstonh 19th May 17, 10:39 AM
    • 88,754 Posts
    • 54,086 Thanks
    dunstonh
    • #8
    • 19th May 17, 10:39 AM
    • #8
    • 19th May 17, 10:39 AM
    We feel that because there was no chain and the property should not of been put up for sale unless it was ready for sale would hold them responsible because if the council don't get a response it could take another 6 months to adopt this road outside.
    The owner is entitled to put up for sale any of their assets when they wish.

    Since then my wife became pregnant which means we can't get a mortgage offer extension and deadline is about to be hit.
    Your life choices mean this is your fault. no-one elses.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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