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Chipping on London flat before exchange

nowabarca · 2016-07-13 12:46:48

Hello all, 1/ Before Brexit I offered the full asking price on a flat in London. I am feeling very nervous about the uncertainty of the economic situation and for the future, therefore I have decided to withdraw my offer and re open the price negotiation starting at a price 20% lower. Of course my agent is telling me that…

Comments

[Deleted User] Posts: 7,323 Forumite

14 July 2016 at 8:03AM

You can do what you like re the offer price.., but so can the vendor in terms of their reaction. 20% is a huge reduction given no one knows that house prices will drop. You do sound a bit like someone who is trying it on. But your choice.

And you don't even know what to do with your present house (and I'd advise reading your purchase paperwork, most HA's who run shared ownership schemes won't allow subletting, we can't guess that one (read the bl**dy paperwork) lol.

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