Help - being gazundered.

Captain_Mainwaring_2

RedSquirrel wrote: »

Unfortunately we live in quite a small area, and won't be that far away.

So, answer your own question, is it a good idea to f**k with him? and is your lawyer an idiot?

RedSquirrel

How are we wronging him? He is the one playing a nasty little game and breaking the law in the process! ..

ginvzt

I can't believe your solicitor is agreeing with this!!!! Is the solicitor of your buyer from the same office or are they just friends?... No decent solicitor should suggest to cancel the cheque or to hide the information from the lender. Also, wouldn't the buyer have to pay tax on the 'gifted' money? Maybe a call to inland revenue would clarify this?...

springclean

i would call his bluff and tell him to stick it.

you hold more cards than you think. he doesn't want to have to get his mortgage approved again, and he doesn't want his solicitor to know. he knows he is being naughty, and is preying on your emotions.

it's obviously up to you, but i would bluff it whether the sale would fall through or not - i always believe what will be will be, and i wouldn't back down to bribery.

god, i'm furious for you, the cheeky ****

Captain_Mainwaring_2

RedSquirrel wrote: »

How are we wronging him? He is the one playing a nasty little game and breaking the law in the process! ..

Jesus.

He is playing games, he is being cheap, but he is still inside the law.

You make a dodgy deal with him to pay him back 5K and then you stop the cheque, what reason will you give? lost ? Disatisfaction?

Do you not think that him having your bank account details will enable him to make your life difficult.

He will find you all right.

Do the deal with no dodginess or leave it, you start bouncing cheques and I guarantee you a hail-storm of trouble.

snoopy78

You really have two options pay it or don't, if you start messing about with bouncing cheques and such you will land in hot water and it will be more than the £5000 if he takes it to court.

With the state of the market at the moment £5000 seems lucky.

andys15

I would tell hiim you are not paying him a penny more and if that means the sale falls through then so be it, on pure principal. He is breakiing the law, and you would be funding it. If he has already backed down when the original sale fell through then he is a bluffer, and I would call it.
Part of me thinks that I would just say, the deal is off, and I think he would stop this nonsence and exchange.
I did gazunder when I recently bought, but it was all above board, and I felt no guilt about doing it as I was polite and had a good relationship with the sellers and there was no chain involved. This guy is beng a bully and if it means losing the house to stop the smirk on his face when he defrauds the system then its worth it.

neverdespairgirl

Doozergirl wrote: »

I'd do what you'd do. You can cancel a cheque before you've even written it. Cancel the cheque before you give it to him and date it for when you like.

The cheque rule might come into play. If he has a cheque you've written him, he can sue on the cheque without needing to prove anything else.

andys15

Captain_Mainwaring wrote: »

Jesus.

He is playing games, he is being cheap, but he is still inside the law.

You make a dodgy deal with him to pay him back 5K and then you stop the cheque, what reason will you give? lost ? Disatisfaction?

Do you not think that him having your bank account details will enable him to make your life difficult.

He will find you all right.

Do the deal with no dodginess or leave it, you start bouncing cheques and I guarantee you a hail-storm of trouble.

How is it inside the law?
It is fraud as he is obvioulsy not telling his mortgage provider. Should the £5000 be a tax free gift. It is fraud because he is not going through the correct channels, and fraud is breaking the law.
He is a cheeky git, and I would not give him the satisfaction. On pure principal IIwould tell him to sod off and tell him the deal is off. He haas paid money to be in the position he is in right now. You tell hhim if you dont exchange today or wheever you were going to exchange then you are taking the house of the market. Stick with it and he will back own. Even if he wants to deal at £2500, £500 ttell him to shove it and he will baack down. It is not the act of gazundering what annoys me, but it is the nerve and bullying tactics this man has used.

RedSquirrel

If we have agreed to this verbally, via the EA, but there is nothing in writing, no cheque and we still exchange, then say no, what would be the backlash then?