Buying with negative equity

The-Shash

Hi All,

I am a first time buyer, seen a house for 180K and offered, sorted my mortgage with 20K deposit
just before we agree a date for exchange my solicitor says the property has 2 charges totalling around 6K and the seller is struggling to find the 6K to clear the charge.

the estate agent said they have reduced their commissions and whether i can also contribute towards
the sellers charge(bit cheeky), as seller can contribute only 3K towards the charge leaving another 3K short.
I really like the house and i am just stuck at the moment, i have only 5 weeks left for my mortgage offer to end, what are my options?

Thanks in advance for all advise.
Sha

BoGoF

Basically you cannot buy the house if the sellers mortgage can't be cleared. So you either contriibute towards the shortfall or find another property quickly.