Buyer pulled out of the property purchase last minute - what can be done?

BobQ

Thrugelmir wrote: »

Feel sympathy for the poor purchaser. Imagine what they've been subjected to. Not least the phone call. House purchase is stressful enough at the best of times. Without all this rubbish.

Yes if its true you are absolutely right it must have been hell for the buyer. I cannot believe it is true however.

wannahouse

The op seems to have disappeared???
Maybe the poor thing is in labour, under a bridge somewhere???

mail2z

OP,

You lied, you knew about the short lease, you knew about the cost of the lease extension. You hoped to fob off your problems to the buyer as she was non-UK, you hoped that she would be naive to buy your property.:eek:

Good for your buyer she wised up and you are mad that your hopes were dashed.

No sympathy for you in any way. Go, get a honest life.

:mad:

hoo

Gilly_VV wrote: »

Hi All

That is just ridiculous as we were never certain about our lease term

So you bought your current property without knowing all the info...that was clever! If you had continued to live in this property YOUR child would have probably lived 70+ years and maybe in that property. So because of your ignorance he/she would have been put in a situation not of their doing because you didn't check all the facts? But that's ok isn't it?

The buyer was a middle aged single woman with no kids (i.e. no inheritance) so she obviously should not be concerned if it is 70 or 90 years left as she is in any case not going to live long enough to see it running out!!!

I'm guessing this is just an assumption from you? Did she tell you her exact age and reproductive status?
What if a few months after she bought your property she found a partner and had a child then the 20 year shortfall you omitted would matter. And even if she didn't she may have nieces, nephews etc who she may want to leave property to.

What it comes down to is that you mislead this woman, you got found out and you don't like it!

blinko

poor Gill, even made up a username to come on here and post this !!!

JoolzS

I've read most of this thread and I don't think anyone has mentioned that it doesn't matter why the purchaser pulled out - she had the right to do so right up until exchange of contracts - no reason required.

Many, many years ago I pulled out of a house purchase on the day before exchange because I panicked. I was only 18 and suddenly realised what a huge commitment I was making and couldn't go through with it. I felt really awful about letting the sellers down, but it was the right thing for me to do at the time.