Help! FTB holding us all to ransom! Exchange today!

sonastin

On the one hand, it will cost you a lot more than £100 if this chain falls apart. But on the other hand, the mortgagee-in-possession isn't likely to find anyone else who is ready to complete by 19 September so they get no benefit from refusing to extend the completion date if that is what the chain is forced to do.

You'd have to call someone's bluff and its not easy to know if they'll blink. For the sake of £100, I don't think I'd be playing chicken with a repossession.

Milliemoodle_2

Well the latest development is that second in the chain (Mr Awkward) hasn't confirmed to his solicitors that he will move on 19th. He has confirmed, however, that he will not be paying the £100 to the FTB. So even though I have now told my solicitor we will pay the £100, it's irrelevant as the FTB is insisting on £100 from each party in the chain and won't accept anything less.

I am tempted to use my house deposit to get on a plane tonight to somewhere exotic and not come back!

DVardysShadow

Milliemoodle wrote: »

But the completion deadline was 18th Aug, which was set by the bank and they made it clear to everyone that they would not agree to extend it. We were all ready to exchange. He didn't tell anyone that he was going to renew it. He could have said that unless we exchanged by yesterday he would have no choice but to renew as that would have forced the bloke second in the chain to agree with the rest of us on completion. He just went ahead and did it. I think I would have more sympathy if he hadn't just decided to annouce out of the blue that he's renewed it and will only complete on 19th Aug if we all pay him.

I think DannyBoy is right. The FTB is probably not at fault here - and you have done your bit to make clear your requirement for 18 Aug. But the problem person IMO will turn out to be the FTB's vendor relaying something different to the FTB, who had little choice but to extend for another month. As FTB, he would be only too pleased to get out of rented and he would only have extended very reluctantly, I would think.

You say that the next up the chain wanted 26 August. He was almost certainly swayed by the FTB's tenancy date but was not prepared to accept the FTB's date of 26 July, thus unilaterally digging his heels in for 26 August. If he had taken into account the constraints at your end of the chain, 18 August would have been reasonable, and the FTB would be looking at a week of overlap

Your irritation is focussed on the wrong person, I believe.

Milliemoodle_2

DVardysShadow wrote: »

Your irritation is focussed on the wrong person, I believe.

I appreciate that the FTB is annoyed with the second guy up. But why make us all pay? The cause of all these issues is the guy who is second in the chain. We have now agreed to the £100, as has our buyer and her buyer. Only second man up won't agree, and as a result FTB won't agree the completion date of the 19th. They are both being as difficult as each other. FTB is now £100 down as second man up is the only one who won't pay. He is prepared, apparently, to let it all fall through over £100. Which is exactly what people on here were saying I shouldn't do.

I am on the verge of an almighty huff!

puddy

but you're hearing all this through chinese whispers, in fact 12 (6 estate agents and 6 solicitors) plus bits added in by the buyers and vendors you're in contact with

you dont really know who is at fault or why or whats been said in reality. its the most frustrating thing, but i think the poster above is right that thet bank are unlikely to find someone in this short time who can complete sooner so you will be ok,

the ftb probably said he wanted the vendor to pay his extra months rent as it seemed to have turned out to be unecessary (although may not be now) and the second in the chain may have said to his sol, 'make the others in the chain share it' and it all spiralled from there?

i dont know but i think i had a mini nervous breakdown after moving and didnt even realise it until months later. awful

JQ.

puddy wrote: »

the ftb probably said he wanted the vendor to pay his extra months rent as it seemed to have turned out to be unecessary (although may not be now) and the second in the chain may have said to his sol, 'make the others in the chain share it' and it all spiralled from there?

My thoughts exactly. I'll bet it's Mr Awkward who is making you pay for him messing about his buyer.

hazyjo

puddy wrote: »

i dont know but i think i had a mini nervous breakdown after moving and didnt even realise it until months later. awful

Me too! We also had other horrendously major things going on with some of our friends and family. I know we're both still 'coming down' from it all four months later. I've never had so much stress in my entire life. Apart from it bringing on a horrendous bout of vertigo, I'm still breathing, but my heart's never been the same since (and hubby was in hospital with probs with his!)!

Honestly, just do all you can to get it dealt with asap. Your health and sanity's not worth it.

Jx

Milliemoodle_2

JQ. wrote: »

My thoughts exactly. I'll bet it's Mr Awkward who is making you pay for him messing about his buyer.

Possibly. I think I might be past caring now.

pimento

When, on the brink of exchange on the sale of our victorian terraced house we couldn't find the building sign-off for the rebuilding of the back of the house and were told that to have it signed off (20 years after it had been built) we would have to dig exploratory holes in the back yard to see how deep the foundations were, I cried for 12 hours then handed the whole problem over to my (very sensible) sister. She sounds just like me on the phone and she sorted it out for me. I had lost the will to live by then.

She and our estate agent, went down to the council offices and waited while the planning department went into their archives in the cellar and found the (pre-computerised) paper copy for our buyer's solicitor.

If she hadn't taken it all over, I reckon we'd still be living there.

I can laugh now, 10 year later, but blimey, the whole process just about finished me off.

zappahey

Milliemoodle wrote: »

My solicitor can't understand why he didn't just renew for a week or two

Your solicitor doesn't appear to know much about rental contracts and when they can be terminated.