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buying a house - consequential loss due to delays
f1005705_2
Posts: 1 Newbie
Hello
I'll try and keep it short...
In May we had an offer accepted on a property on the condition we were able to complete quickly. It was a deceased estate and an executor was appointed to handle the sale.
We made a decision to rent out house in order to meet the condition, however within a week we were approached and ask if we wanted to sell our house and they were in a position to move asap. We agreed and proceeded to sell our house and move in with family.
We need to port our mortgage as our redemption penalties were very high and have 3 months to complete on the house we are endeavouring to buy. We found out a month ago that the property has not been registered with land registry nor do any title deeds exist for the property or land. The executor/solicitor has now got to apply for adverse possession (don’t really want to get in to the details of this), however it seems that he delayed this action for 2 months.
We are now in a position that we will lose the substantial redemption penalties due to the delays caused and that we were not made aware of. We have asked the mortgage company if they can extend the period, however they have refused.
Can we claim consequential loss from the estate due to the delays and issues with the property
Any help appreciated
I'll try and keep it short...
In May we had an offer accepted on a property on the condition we were able to complete quickly. It was a deceased estate and an executor was appointed to handle the sale.
We made a decision to rent out house in order to meet the condition, however within a week we were approached and ask if we wanted to sell our house and they were in a position to move asap. We agreed and proceeded to sell our house and move in with family.
We need to port our mortgage as our redemption penalties were very high and have 3 months to complete on the house we are endeavouring to buy. We found out a month ago that the property has not been registered with land registry nor do any title deeds exist for the property or land. The executor/solicitor has now got to apply for adverse possession (don’t really want to get in to the details of this), however it seems that he delayed this action for 2 months.
We are now in a position that we will lose the substantial redemption penalties due to the delays caused and that we were not made aware of. We have asked the mortgage company if they can extend the period, however they have refused.
Can we claim consequential loss from the estate due to the delays and issues with the property
Any help appreciated
0
Comments
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Short answer is almost certainly: no.They deem him their worst enemy who tells them the truth. -- Plato0
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No: you have no contract with anyone at present and nothing is set in stone until you exchange. You chose to move whilst in the redemption period, you chose to sell up not let your home. The whole point of solicitors is that they check the paperwork as part of the conveyancing, which they have done.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
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