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Help! nightmare buyers!
Comments
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greenway70 wrote: »Well this morning I again rung our solicitor and he then said they hadn't even exchanged!!! they wouldn't accept our offer of £85 so have said that we have to pay £250 and still won't confirm what it is we are supposed to have cleared.
This is the bit I don't understand, why do you keep asking what needs to be cleared when you know there isn't anything there, and why are you offering even £85 when you say there is nothing there, it doessn't make sense.It's someone else's fault.0 -
So exchange hasn't even taken place, but the buyers' lender has released the mortgage money to their solicitor, who has forwarded on this money to your solicitor? What mortage lender would release mortgage funds PRIOR to contract exchange?? What solicitor then sends those same funds to the vendor's solicitors when not even contract exchange has taken place??"You were only supposed to blow the bl**dy doors off!!"0
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How far away is the house? Could you not pop over and check what rubbish they are complaining about and remove it yourself?0
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It's routine for the lender to release the mortgage funds before exchange. If simultaneous exchange and completion is due to take place, the purchaser's solicitor has to submit the report on title before exchange to get the money in time for completion. The purchaser's solicitor is also acting for the lender, so is deemed trustworthy by the lender as custodian for the mortgage funds.maninthestreet wrote: »So exchange hasn't even taken place, but the buyers' lender has released the mortgage money to their solicitor, who has forwarded on this money to your solicitor? What mortage lender would release mortgage funds PRIOR to contract exchange?? What solicitor then sends those same funds to the vendor's solicitors when not even contract exchange has taken place??
I would agree with your issue about the purchaser's solicitor issuing the completion funds to the vendor's solicitor. I can only surmise as exchange and completion were to be on the same day, the purchaser's solicitor set up the transfer and failed to stop it before it became apparent exchange and completion was unlikely.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 -
Can't believe this is still ongoing. I would tell them it's no longer for sale to them and put it back on the market. I'm not suggesting you do that at all, but I would cut off my nose to spite my face, not always sensible.
As someone said, can you not go to the house and see for yourselves what this rubbish is ? These buyers must be absolutely daft to lose a house for the sake of £85. Please come back and update us, I really want to know how it ends.0 -
Sorry for the inane ramblings but as I think I've said before I've had about 3/4 hours sleep in the last few days
but thank you for trying to understand me!
Well we went back to the solicitor and pretty much said we've had enough, I'm being told one thing then it's completely different the next, as you've read I don't know if I'm coming or going!
So we said we were no longer particularly interested in the sale.
The buyers completed this afternoon.0 -
So they finally saw sense?"You were only supposed to blow the bl**dy doors off!!"0
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