We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
The sellers solicitor has made a funny error.
Toptom1
Posts: 76 Forumite
Went to sign the papers and exchange today and my solicitor descovered something. When he asked for the sellers information and documents etc from their solicitor he sent the previous buyers information and it says that he was paying £125k but the buyer dropped out. Now I'm paying £128k which is 3k more than she was willing to sell for back in November. Obviously I wouldn't make a very good poker player but what would you do now? I'm happy with the offer of 128k but would still rather pay £125k.
0
Comments
-
Personally I would honour the price I had agreed0
-
Went to sign the papers and exchange today and my solicitor descovered something. When he asked for the sellers information and documents etc from their solicitor he sent the previous buyers information and it says that he was paying £125k but the buyer dropped out. Now I'm paying £128k which is 3k more than she was willing to sell for back in November. Obviously I wouldn't make a very good poker player but what would you do now? I'm happy with the offer of 128k but would still rather pay £125k.
Two choices,
one is stick with where you are and pay £128 and have everything done and dusted.
Two is you go back to negotiating and the process is drawn out and potentially doesn't happen ever, or doesn't happen for a while.
I know which one i would choose.0 -
If I was the seller and you suddenly dropped the price for no good reason (ie survey had said a £3000 new roof needed) I'd respond by saying the price is now £130, and simultaneouly insyruct my agent to put the property back on the market.
Conversely, I might agree, wait till the day before Exchange by when you'll have invested hundreds in searches etc and then increase the price.
Mess me around and I'll mess you around.0 -
It was probably based on the old stamp duty situation which no longer applies.
Old rules £125,000 = £0
Old rules £128,000 = £1,280
New rules £128,000 = £60.
The rules changed on 4 December IIRC. That changed the ballgame for properties around the threshold.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards