Last minute demand from buyer

marksoton

lichfield22 wrote: »

I doubt I would get another 10% for the house and particularly not from this buyer - we have the same mortgage advisor who tipped me off that the reason for not getting a survey was that the deposit had used all her savings and she has no more to spend.

Woah! That would set alarm bells ringing for numerous reasons!

kinger101

^^^
If there is stamp duty to pay, their solicitor probably won't exchange unless they have paid this over. The also act on behalf of the bank, and they aren't to keen on buyers going into debt with HMRC.

moneyistooshorttomention

marksoton wrote: »

Woah! That would set alarm bells ringing for numerous reasons!

Personally I'd see that the other way round.

If she "has no more money to spend" then that means she cant start again with buying another house instead of OP's - as she would lose money she cant afford to lose. Thus - she has every incentive to continue with buying OP's house.

That mortgage advisor of hers should have remembered he is "hers". More than a little surprised he forgot himself enough to comment on this to someone other than his client - the word "unprofessional" coming to mind.

I'm feeling quite sorry for the woman actually one way or another by now.

Argghhh

anotheruser wrote: »

10% admin fee? Are you kidding?
It's comments like this that fuel the belief that house sellers are greedy people who are simply after as much money they can get.
.

the whole point is to not be blackmailed into paying for a pointless electrical report so you offer them a choice - they would drop the request then rather than pay more for the house

it was never about the admin charge - sheesh

paddy's_mum

moneyistooshorttomention wrote: »

More than a little surprised he forgot himself enough to comment on this to someone other than his client - the word "unprofessional" coming to mind.

Quite! He may be your advisor too but that is confidential information he has given to you and it is completely unprofessional, however much he may be wanting to 'assist' you.

How much of your private information is also now doing the rounds?

You won't be using him again in a hurry, will you?

Jhoney_2

Kynthia wrote: »

It's a pain you've had to pay £90 but it's a small price to pay to keep everything going at this stage. Now once you exchange they have to complete or fund your every expense and lose their deposit. Not a bad place to be really.

It's what the future holds, when DADDY/BUYER starts seeking comp for electrical works upgrade/failure/damage and OPs name/money/liability form part of the transactions and conversations....

Legal recourse against conveyancer (ii applicable) wouldn't amount to much and the EAs interest in your sale will be a distant memory by then.

As for the protection of DD/Buyer, if she cannot conduct the purchase on her own, she should have asked here Dad to help or he should have done so sooner. Dad sounds like an absoulute moron - throwing his weight around with his (probably) money and given his contribution to the process so far, I wouldn't expect better going forward either.

Canofworms.com

At the very least I would want this 'request' in writing detailing explicitly what steps are to be taken and when from buyer/daddy's solicitor.

Daddy/Buyer defence if ever required? OP knew the electrics were dodgy, m'lud - they told me as much. Why else would they pay for the report m'lud - we had already exchanged in good faith?....

OP: To proceed with sale m'lud, EA/Sol etc said it was a small price to pay to complete the sale....

Sol: Lies!

EA: Wasn't me guv'nur and tobias doesn't work for us any more...

robatwork

Did you exchange OP?

harz99

robatwork wrote: »

Did you exchange OP?

I think a lot of us wonder the same.

bouicca21

We do ... Fingers crossed for OP.

Jhoney_2

This electrical report issue, will run well beyond/ long after exchange.

I think dad wants the check as some sort of insurance policy in their back pocket- He wouldn't force Buyer to pull out... and if she wasn't part of this good cop/bad cop crap she wouldn't simply hand over her mobile phone when talking to EA/Seller as mentioned in one of the OPs post.

Naturally, I do sincerely hope it goes well and ends well for OP. It would be great for my hunch to be wrong on this!