please help, we have to withdraw our offer

princeofpounds

relax, the fees are a bit of a pain but it's cheap compared to getting yourself in a worrying situation.

As people have said, stop the solicitor working, inform the estate agent for your vendor (no need for long explanations; apologise, 'unforeseen change in circumstances'), pay your bills (you probably won't have to pay for any work not done but check your agreed T&Cs with mortgage lender).

Also inform the LA you will not be leaving after all. Again make it clear that due to a change in circumstances you will be renting long-term again. They will probably keep the money, and it is very unlikely they will kick you out (why would they? why create a void to deal with the risk of a tenant who might create a void?!)

Then breathe.

Basically it likely won't get any worse than it is right now, and given you'll be able to recover your mental balance, it will probably get better.

This sort of thing is common.

em_9187

princeofpounds

thank you so much for posting. what an absolute stinking situation ive got myself in, and my poor husband. it has been an horrendous year and i cant physically or mentally take anymore stress or pressure.

giraffe69

If you resigned, got three months pay in lieu and think finding another job won't be so hard then why stop everything and lose at least some costs you have already incurred?

em_9187

giraffe, this was our first plan but bank says i need to complete probationary period on my new job - i found one earlier in the week. we would love the vendors to wait six months but we're not confident they will.

Jason74

em_9187 wrote: »

giraffe, this was our first plan but bank says i need to complete probationary period on my new job - i found one earlier in the week. we would love the vendors to wait six months but we're not confident they will.

Probably a silly question, but have you asked them ?. If you explain the situation to them, the worst they can do is say no.

em_9187

we were gonna think about asking them but we had just thought they'd go with another buyer. There were two more in the picture at the time of offer but they went with us as were ftb

BeauLiLuLu

em_9187 wrote: »

We would love the vendors to wait six months but we're not confident they will.

Hi em,

I feel your pain - I'm a natural worrier and stresser too
*sending you a big hug*

But, if you dont ask them you'll never know - I'd rather know 100% that is definately a no, than live with the 'not knowing'.
At least if they make the decision for you, its out of your hands...?

em_9187

we will ask, thank you - i guess you're right they could still say yes.

i think we are just thinking, or i am being the worried, the worst case scenario and how much more we will have to pay

Scrounger

Look on the bright side Em; at least you won't have all the stress and burden that owning a property and paying a mortgage entails.
Perhaps you've had a lucky escape! :beer:
Scrounger

System

Scrounger wrote: »

Look on the bright side Em; at least you won't have all the stress and burden that owning a property and paying a mortgage entails.
Perhaps you've had a lucky escape! :beer:
Scrounger

Owning a property and a mortgage, will save you hundreds of thousands of pounds over a lifetime, FACT