Kick in the teeth

hethmar

"They were fully aware that we were due to complete"

But sorry, you werent about to complete were you? You hadnt even exchanged contracts. If your negotiations were well under way your solicitor could contact the sellers through their solicitor. I feel you may not be totally aware of the process of buying a property?

I think its a good thing you didnt exchange. That rate of interest is high isnt it. Can you find a cheaper house now. And tell the wife not to count her chickens until after you actually exchange contracts next time She can still keep her chrome plugs and light switches for the next place.

Doozergirl

8.35% :eek: Oh My.

You're almost certainly better off putting away what you'll save between rent and mortgage to get that LTV up and just waiting. My mortgage is literally half % that right now!

Be careful of cheap and cheerful light switches - they don't last. I speak from experience!

bo_drinker

You say... Our brother was going to move into our current rented house. Does this mean you are married to your sister...... just a thought, maybe the house was not the biggest problem you have...

Airwolf1

At the end of the day, as you said, it probably wasn't to be. Although you have a high rate of interest there, hopefully you may get a slightly lower one if rates come down.

If you see the ideal house, get a survey done and make an offer and exchange as soon as you can.

bubblesmoney

hethmar wrote: »

But sorry, you werent about to complete were you? You hadnt even exchanged contracts. If your negotiations were well under way your solicitor could contact the sellers through their solicitor. I feel you may not be totally aware of the process of buying a property?

I think its a good thing you didnt exchange. That rate of interest is high isnt it. Can you find a cheaper house now. And tell the wife not to count her chickens until after you actually exchange contracts next time She can still keep her chrome plugs and light switches for the next place.

one can exchange and complete the same day. i didnt want the seller / EA screwing around with me. had one hiccup with them and wasnt taking any chances with them. they wanted to sign the contract but i said would sign and complete same day, which is just what we did. probably the OP was trying something like that.

hethmar

I think if that were the case bubbles, the solicitor acting for them would have definitely had the sellers information!

PinkTwirl

Premier wrote: »

Why did you allow her to buy things for a property that you hadn't even exchanged contracts on?

There is, it's called a contract
Until it's exchanged, nothing's agreed.

Er, I agree with the poster - an agreement that is "shaken" on and honoured is what I think he is getting at. I'm sure he knows that a contract is a legally binding agreement without having to be told. I understand his frustration. you clearly don't.

Running_Horse

boggie40 wrote: »

They had a friend of theirs submit an offer the same day as we made ours.

I suspect that was the real reason.

wymondham

PinkTwirl wrote: »

Er, I agree with the poster - an agreement that is "shaken" on and honoured is what I think he is getting at. I'm sure he knows that a contract is a legally binding agreement without having to be told. I understand his frustration. you clearly don't.

I remember those days!

amcluesent

>for some reason they took the keys from the estate agent last monday<

Sounds like they will do a private sale to the 'friends' to avoid EA fees and/or they've set a price which is tax 'advantageous' with the balance being a wodge of notes stuffed into a jiffy-bag.