Vendors pull out AFTER exchange of contract

AMILLIONDOLLARS

They've got a lot more to lose than you have. In the time that it take to go to court, and with all the delays their mortgage offer may very well expire. So this will be a case of who blinks first!

The cheek of it, asking you to delay for two months, then chucking you in favour of another buyer

Good Luck

gettingbetter

hi

have been reading this and really feel for you
my parents were in the same boat a couple of years
ago. the only difference was that they were selling a bussiness and two homes (they retired)

they are in the process of taking the buyers to court at the mo and have been told it will take up to 2 years

maybe your soliciter can write another strong letter and include the bill for rent
that has to be paid asap

they are in your house (as i understand it, i might be wrong) so they can pay for the priviledge

hope everything gets sorted soon

kas xx

AMILLIONDOLLARS

Anyway the other buyer might give up with all this waiting around.

What are the Estate Agents doing? I'd let them know that you are not going to give way on this purchase. Could be they are involved with this other buyer, this way they'll know that things are about to get very messy indeed.

Dinah93

I'd be getting your solicitor to throw loss of earnings compensation into his next letter to them.

Catblue

Welshwoofs wrote: »

He's now out today desperately trying to find some therapy practices which are willing to temporarily rent rooms/push clients his way in return for a fee. I'm angry...he's as worried as all hell about the possible impact on this income if they draw it out till the bitter end.

You need to make sure that your solicitor is aware of the business expenses that you have incurred due to the vendors' actions. Keep receipts for everything and ensure that the vendors know that, in addition to your personal costs and compensation, you will also be claming for additional business expenses and compensation for lost revenue.

Your vendors do know that they CANNOT sell to this "private buyer" while they have already exchanged with you, don't they? This whole thing with you needs to be resolved before they can even contemplate selling to anyone else.

Good luck. Everyone is rooting for you.

BlondeHeadOn

Dinah93 wrote: »

I'd be getting your solicitor to throw loss of earnings compensation into his next letter to them.

...And the cost of several crates of wine to help you with the stress of it all!

I can't imagine how you must be feeling wth all this, but I hope you can manage a good relaxing weekend anyway...

Many good wishes.

MoneySavingNovice

To add my two pennies worth....

I think you, Welshwoofs, need to decide what you want.

As far as I can see it you have two options:-

a) Forced Purchase of House less you additional costs.
b) Recover of your additional costs - including those going forward.

Only you can decide this - but consider that if you want the house, in what condition will they leave it, and will the vendors bad mouth you to the locals?

Regarding your likely-hood to win in the courts, I agree with wannabe sybil, you will most likely win, but take heed the advice of your solicitor, and if possible get a specialist solicitor.

Either way good luck from me.

Poppy9

So sorry this is dragging on for you. The sellers are obviously idiots if they think you will just go away with a couple of grand. Their solicitor must surely be telling them that any extra that the next purchaser is willing to pay for their house will be lost to meet your costs & EA fees. They probably think they can avoid paying any EA fees too if they have their own private buyer but I think they will find that the EA will coming looking for their fees as the contracts usually cover this.

JayZed

Best of luck with it all, Welshwoofs. I can't believe these people think that going to court will be a good option for them - I reckon they're just hoping you'll get cold feet.

As a matter of interest, and if you don't mind telling us, how much (as a proportion of the agreed sale price) was the lump sum that you proposed for buying out the contract?

pawpurrs

Imagine if you win in court, do you think they will leave you a bottle of wine, to celebrate your new home?