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Julysea

It feels like agame of snakes and ladders at the moment. We were very slowly climbing some ladders, then our freeholders announced that our garage wasn't included in the lease renewal we are having done as part of the agreement with our buyers. We ahdn't budgeted for the extra and hadn't got the extra, and having let them have 6 grand off the asking price due to some refurbishing needing doing as well as paid out 6 grand for the lease renewal, thought that they could very well renew the garage themselves for the 1250 quid it was going to cost. They weren't happy and said no, we stood our ground, they offered a deal - we ahd to complete quickly if they paid, we agreed, then they said no and now it looks like they're pulling out completely. They've been pains from the beginning, dithering and quibbling about odd stuff, so I'm not entirelt sorry to see them go, but now we're back to the beginning again. I've no idea how long it'll take us to find a new buyer - we were on the market for 3 weeks before and had 3 offers, so hopefully not long, but I'm just fed up and had enough. The person at the top of our chain has allegedly (we've heard nothing official) set a 4 week deadline to exchange even though they've only been under offer for 8 weeks. I don't know if we're at risk of losing the house we're buying. I don't know what the best thing to do is at all. We have no more money and frankly I don't think I want to pay it even if I did. Fed up and tempted to leave it all to fate now. This whole process is stupid. How on earth did such ridiculously inefficient system come about??

goldbyron

Quite - who did invent this system. It is truly archaic.

You just have to hammer onwards and find a buyer again if you are still determined to move. However the top of the chain is being a little unrealistic and may well also be bluffing to get everyone jumping to their tune. They won't pull if everyone is moving as fast as they can and there is clear communication. Be pro-active (get other viewings in) but fate will always have the last say - all you can do is try and bend it. Good luck.

cattie

As you are extending the lease this should hopefully achieve a higher selling price should your buyers pull out. From what you've said about getting 3 offers initially, your property is appealing to buyers, so shouldn't take long to get another offer.

It sounds as if the current buyers were getting a good deal if it's you that's funding the lease extension. Usually if a buyer asks you to do it it would be them that pays the cost. I'd be inclinded to think good riddance if they do pull out. They sound a pain.