Vendors pull out AFTER exchange of contract

ciano125

every hour which goes past I'm more and more inclined to go after them so hard they'll learn a lesson they'll keep for life :mad:

Damn right. Personally I think I would be preparing myself for the worst, ie you not getting this house, but I would also do absolutely everything in my power to make everything as difficult as possible for them. I don't know if that would mean putting some kind of charge on the house so they can't sell it without you getting £X, or suing them, or what, your solicitor will be able to advise (hopefully!).

Whatever you do though, please do not let them get away with it, they need to be taught a lesson and if it was me in your shoes they'd be getting a proper (financial) shoeing!

Good luck, don't back down. :beer:

Ulfar

skiTTish wrote: »

Were all sat here as judge,jury and executioner but we dont know what happened ?!
What if one of them lost their job or found out they are terminally ill?

Despite that they must have had plans of somewhere to go, they have singed a contract and should have moved.

From whats been said these conditions are not the case, if they were as a vendor you would have kept your buyer up to date out of common courtesy.

Chloepad1

What the heck is wrong with these people that they exchange contracts and then refuse to complete. Are they intent upon committing financial suicide?

PasturesNew

skiTTish wrote: »

Were all sat here as judge,jury and executioner but we dont know what happened ?!
What if one of them lost their job or found out they are terminally ill?

No we're not. We're stating the law.

They had a legally binding agreement that they entered into with their eyes open .... and then once the ink was dry on the contract, they changed their minds. It's simply not allowed.

I don't care if they both died - they're selling it to the buyer because that is the legal contract!

No time for huggzz and cups of tea here, this is serious and it's about the legals.

Too many people these days have NO concept of responsibilities.

The sellers are simply fannying about - and in my opinion the OP is due a minimum of all costs incurred to date + 10% of the price. Minimum! And costs incurred might even be ongoing, with the solicitor's bill.

silvercar

IMHO it should be possible to go to court, present the contract, judge order eviction. 14 days to move out, if that fails send the baliffs in to physically remove.

Don't know if it happens that way, but IMHO its the same as tenants staying beyond their notice period. No right to be there, so court should force their removal.

chickmug

silvercar wrote: »

IMHO it should be possible to go to court, present the contract, judge order eviction. 14 days to move out, if that fails send the baliffs in to physically remove.

Don't know if it happens that way, but IMHO its the same as tenants staying beyond their notice period. No right to be there, so court should force their removal.

Fully agree and what's more:-

Silvercar for Prime Minister:D

Forris

Hi, just wanted to wish you good luck today. Lets hope the vendors realise how stupid they are being and reverse their decision. This is the time for you to see if your solicitor is really worth the money that you're paying them!

Welshwoofs

Well now I have an update. There was a fax from the vendor's solicitors waiting first thing which gives reason for the breach of contract. The reason stated was that they couldn't get a 'favourable mortgage' on the property of their choice. There then followed what amounts to a begging letter saying that they don't want their young family to be homeless and they hoped we'd sympathise with their situation and accept their offer as they've had expenses associated with their property purchase. The offer in question was reimbursement of our solicitor's fees and survey costs.

Unfortunately if their aim was to pluck at our heart strings they failed on all counts. It's been nearly 3 months since they accepted our offer and 6 weeks since exchange - I find it absolutely impossible to believe that they couldn't sort out a property in that time (whether bought or rented). Also there seemed to be contradictions in their reasons...if you've not had a favourable mortgage offer how can you have costs associated with buying a property? I assume they're talking about surveys/solicitors' fees...but surely you'd not get that far without a solid mortgage being in place??

Obviously as their offer is derisory and their excuses flimsey, we're instructing the solicitors to start the process to force the sale.

Soot2006

Good for you.

I would do the same as this is not the time for begging letters - how dare they try emotional blackmail to get away with breaching a legal contract that you too have put sweat, tears and money into. Business is business ....

clutton_2

why did their solicitor allow them to exchange if there was not a "favorable" mortgage in place ????

i bet he is bricking it also right now.....

if you really want the house - then force the sale...