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Bottom of Chain Pulled Out

matador04 · 2013-09-13 13:48:03

Hi all We are in the process of moving house and are third in a chain of four. The new house has no upward chain (vendors moving into rented). We accepted an offer on ours a couple of months ago and were hoping to exchange contracts this week. However, we've just found out our buyer's buyer has pulled out. Our buyer still…

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matador04 Posts: 40 Forumite

15 September 2013 at 3:27PM

Thanks everyone for the advice.

I spoke to our new mortgage company and, as expected, they wouldn't accept the buying before selling scenario.

I'll see what happens this week with our buyer's house.

I think one positive is that we had two offers on our house within the first two days of it going on the market originally, so hopefully if we put it on again we'd see similar interest. It's a 3 bed ex-council, was on for £120k.

I've considered letting it out, but presumably it's a massive hassle to organise?

Does anyone know whether housing associations/local authorities ever buy property? Given the size of it and the relatively low value, I'd imagine it would be the type of house they'd look to use.

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Bottom of Chain Pulled Out

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