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Day before exchange.
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Prilly119
Posts: 1 Newbie
Hi all,
The 1st time buyer (my buyers, buyer) at the start of my chain, pulled out yesterday afternoon. I have spent the last 3 weeks constantly on the phone to be in a position to move before this Friday as 'HE' didn't want to pay stamp duty & will have to if he doesn't complete before then. (6 weeks from my purchase offer, Good going on my part!)
The plan was to exchange contracts tomorrow & complete Friday.
In order to make this possible I had arranged for the packers to come today, sent my dog to kennels arranged a childminder for my daughter, my husband & my mother had taken today off work (Hubby doesn't get paid if he doesn't work)
I spent a frantic hour on the phone at 5pm last night cancelling everything.
We had all signed contracts & mortgages had all been requested.
Now I think I'm suck with just lumping the costs as we hadn't exchanged. So my question is: Are there any loop holes i.e. small claims court where I may stand a chance of clawing back something from this (insert any swear word here) :mad:
The 1st time buyer (my buyers, buyer) at the start of my chain, pulled out yesterday afternoon. I have spent the last 3 weeks constantly on the phone to be in a position to move before this Friday as 'HE' didn't want to pay stamp duty & will have to if he doesn't complete before then. (6 weeks from my purchase offer, Good going on my part!)
The plan was to exchange contracts tomorrow & complete Friday.
In order to make this possible I had arranged for the packers to come today, sent my dog to kennels arranged a childminder for my daughter, my husband & my mother had taken today off work (Hubby doesn't get paid if he doesn't work)
I spent a frantic hour on the phone at 5pm last night cancelling everything.
We had all signed contracts & mortgages had all been requested.
Now I think I'm suck with just lumping the costs as we hadn't exchanged. So my question is: Are there any loop holes i.e. small claims court where I may stand a chance of clawing back something from this (insert any swear word here) :mad:
0
Comments
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No. There aren't.
Buyer or seller are free to withdraw at any time upto exchange of contracts without penalty.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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