Why do people lie!!! so upset!!!!

silvercar

I'm touched Jennifer, happy to help.

We actually insisted on a gap between exchange and completion because we had tax-wrapped investments that we weren't prepared to unwrap if the sale wasn't going to proceed.

(It does still mean that everyone in the chain, except the FTB, has to move out of one place and into the next on the same day. It does give breathing space to measure up, pack and de-clutter.)

santashelper_2

sorry to hear your dilema we have experienced problems with our property to we have brought a btl propertyand had tenants ready to go in then the building society realised the mortgage offer had run out so had to be reissued tenants were ok about it then the building society decided they wanted to do a check on the walls at the last min took ages for the builder to send info through as it had to come from builders solicitor to our solicitor to building society to valuer chased and chased anyhow we lost one of our tenants due to the delay now its going through the system we are now trying to get another tenant should not be a problem as in a good area and wait for it the check they did no one else buying these propertys had been asked for by their building societies and it was not needed ok maybe they were being over cautious and protecting everyones interests but why didnt they do this check at the beginning of the process not near the end when overheads can amount to a lot more and if there was a problem and we could not go ahead it would have incurred immense expense.

You would think all the years that housebuying had been going on these companys would get their act together

David_beach

Hi

Sorry for the problems you are experiencing, but it is not just buyers that lie!

We made an offer on a house 2 months ago that was supposed to be "chain free" as it had just cleared probate ond the daughter was moving in with her partner, we have found tennants for our current house who are supposed to move in in Nov.

This all siuted us as a quick purchase would have given us time to do a full referb before Nov.

I do not need a mortgage and therefore did our own survey and expected to be able to exchange and completee in a couple of weeks.

Our solicitor received particulars in a fewdays and we signed and returned the contract as soon as we receievd them

Then everything went quiete - nothing, all calls were ignored by the seller and her solicotors. turns out there was a chain after all, I have bought quite a few house from the agent and can not believe he would have been party to the lie!

Since then the Northern Rock issue and the average house price drop for Aug quoted by right move, I am not sure what do. I feel like making a new offer less the 12.5k drop but then I would be as bad as them!

Our system here stink's

budget_counsellor_shaz

I'm so sorry to hear your bad news worrypants...........

Where is your house?

Some really good posts already..........I agree with Generali an auction will be a good option for you...it will be over in about a month and it is fairly guaranteed when the hammer goes down.

All the best whatever you decide to do.

Shaz

coal9011

I feel very sorry for you.

But I never make "firm" plans based on an "assumption" that something might happen on a specific date!

worrypants

thanks so much for all the supporti agree re making assumptions but this is a bit different from the norm.not just a case of booking a removal van and hoping for the best had to start the selling process of all our worldy goods it has taken weeks to do this.very difficult when buyer lies even to their own solicitor

Richard_Webster

I have had cases where I am acting for a client buying a property and they are remortgaging another property to provide the money. It is frequently the case that I do not have anything to do with this remortgage. I can only ask the clients how it is getting on and they will explain in layman's language how far things have progressed.

I would grill them about exactly how far everything had got and ask things like "you have go the formal mortgage offer from HSBC haven't you?" If they said things like "It's all agreed and they say we should be able to have the money next week..." I would go back to them and ask if they had the formal mortgage offer. "Don't know but they said we could have the money..." Eventually the penny might drop that the formal offer needed to be there...

I suspect that the buyers assumed too much about how far the remortgage/equity release had progressed and there was only some generalised agreement in principle (which might have just been the mortgage person in the local branch saying that it looked OK). Their solicitor probably took the view that it wasn't his business and it was up to his client to come up with the money. I would have asked a bit more to make sure that my clients had actually appreciated how the process worked and that they actually had a formal mortgage offer.

Also, frankly, if it was equity release on the mother's house the mother would have had to have a solicitor dealing with it for her and the buyer's solicitor should have been liaising with that solicitor about it. If the buyer's solicitor was doing the legal work on the equity release then he would have known how far it hadn't got. I conclude he wasn't dealing with it for that reason, and therefore if told how the money was coming it would be surprising if there wasn't a solicitor involved. So he perhaps should have asked if a solicitor was instructed by the bank/the mother to deal with it and the absence of a solicitor might perhaps have raised suspicions...

My feeling here is that the equity release had not got as far as they thought but they didn't understand the process and assumed it was all ready. They told their solicitor this and he didn't think to check. I suspect it is simply another version of unwarranted assumptions being made by people. This often happens unfortunately. They may have been lying but the sound of it to me is that they didn't understand the process and thought that the money coming on the other property was more certain than it was.

Unfortunately the whole world of conveyancing is littered with people who make unwarranted assumptions which they pass on to others as truth and the poor innocent people who receive the information act on these assumptions. It keeps happening and as a conveyancing solicitor I can only tell clients to check everything and ask others why they say what they say ...

The bottom line is that it is never safe to assume anything until contracts are exchanged and maybe you should have allowed longer between exchange and completion to allow for the actual move to be finalised only after exchange.

worrypants

the buyers mother did have her own solicitor and the buyers solicitor was liaising its simple lies they have either changed their minds or the mother lied on the applicationno getting away from it they are lying the buyers solicitor confirmed with our solicitor that the funds were without doubt agreed and repeatedly asked this precise question all along the process.makes you lose faith it really does

BenRM

Presumably they've spent money to this far... don't they have a vested interest in seeing this through, too? Rather than dumping them and looking to auction, mightn't it be worth all involved - agents, solicitors etc - carving out a limited amount of time for them to try to arrange another loan?

beachbeth

I really feel for you. The whole process is so frustrating. We were due to move at the end of September but our buyers pulled out in the middle of September. Im not angry with them but Im angry at all the delays we were caused by the person we were buying from. Im surprised our buyers hung on as long as they did really!

If only the house buying process was made a little easier for us all. Im sure it needn't be as fraught with hazards as it is. It has cost us £500 in solicitors fees and now we don't know whether to carry on trying to sell our house again.

My situation isn't as bad as yours, however, and I due hope things turn out right for you in the end. You must be so angry and upset. Good luck.