Delays caused by Solicitor and the Bank!! Please help?

Inneed_2

Hi, am feeling mega stressed here so would be great if anyone may have any advice on this..
I bought an off plan new buid leasehold flat with my partner in the UK. Joint tenancy. Both are on the legal title, however I am the sole borrower - mortgage purely on my income.
We explained this to our bank from the beginning, which was fine with them. Fast forward, two weeks before the legal date of completion, we were told by our solicitor the mortgage offer was incorrect and the bank needed to amend and reissue it.
.
Afterwards they say in order to release funds my partner MUST seek independant legal advice. Fine we ask them to send it over which they do one week before completion.
We were literally scrambing trying to find one who can do this ILA as our solicitor refused to do this.
Managed to to the ILA and pay ALOT for it, however legal completion date now only 2 days away. Realistically we are not going to meet this deadline and have funds tranferred over before then.

We have been fully diligent, litererally attending to any emails/calls as soon as we can. Yet we are stressed out and might incur extra costs by having to delay the completion date with the developer. And this is to no fault of our own, purely due to the bank's sloppy mistake in the first place. What I was wondering is there any way I can somehow report / file an offical complaint or even sue them should I end up (worst case scenario) having to lose out and developer effectively decides to rescind our contract and we then lose our deposit?

Any advice or help from you guys would be highly appreciated!

davidmcn

Inneed wrote: »

legal completion date now only 2 days away. Realistically we are not going to meet this deadline and have funds tranferred over before then.

Has your solicitor actually told you that or are you just guessing? What's still to be done?

Inneed_2

Yes confirmed by our solicitor - was given 10 days notice. And the day after they actually gave the notice to us they followed up and told us about the incorrect mortgage offer which needed to be amended.

It's incredibly frustrating these delays both from our bank (making the mistake in the first place) and then our solictor not spotting this until the day after they gave notice.

We are first time buyers, and trying hard to ensure we make things on time but all this delay here and there may now lead us to missing the legal completion date!!

davidmcn

Inneed wrote: »

Yes confirmed by our solicitor - was given 10 days notice. And the day after they actually gave the notice to us they followed up and told us about the incorrect mortgage offer which needed to be amended.

It's incredibly frustrating these delays both from our bank (making the mistake in the first place) and then our solictor not spotting this until the day after they gave notice.

We are first time buyers, and trying hard to ensure we make things on time but all this delay here and there may now lead us to missing the legal completion date!!

I meant have you been told that you will miss the completion date. You haven't said what remains to be done. Perfectly standard for everything to be signed and pulled together at the last minute, if stressful. Unfortunately this is the sort of risk you take on by exchanging contracts before your funding is in place.

kingstreet

This is one of those odd HSBC A2 charge jobs where they permit more proprietors than borrowers. I suspect the solicitor only noticed this late in the process then had to go back to HSBC for a revised offer as it wasn't correctly set up in the first place.