Any advice please

Dant

So our buyers have given us a ultimatum of 20th November they sold their property in August and their buyers have let them stay in it until 20th we are ready but our vendors onward purchase they are just awaiting in 4 more enquiries which have been ongoing for 3 weeks so our buyers have asked us to break the chain but with lockdown we have nowhere to go any help appreciated 

Unicorn_cottage

Why don't they break the chain?!

Slithery

Dant said:
but with lockdown we have nowhere to go any help appreciated 

Can you not just book a short term rental? They are still allowed.

Dant

We will only be about 10 days away from completion on the 20th so not worth short term rental as they want a minimum of 3 months 

Caramac

If it’s only for ten days look at Air BnB or similar.

Dant

But Air bnb will be on lockdown 

pinkteapot

Are you saying your buyer completed on their sale in August and their buyer let them stay in the property?!!

If so, you hold all the cards. What exactly are they going to do if you say “sorry, we’re not ready - it’ll be a bit longer than that”? They won’t pull out as any alternative purchase will take far longer to go through. 

hannah021

you can rent a place quickly, or not respond, which will force them to rent one themselves, i doubt they will drop the deal after selling their house. But if they told you months ago, they could be frustrated enough to look elsewhere

Dant

pinkteapot said:

Are you saying your buyer completed on their sale in August and their buyer let them stay in the property?!!

If so, you hold all the cards. What exactly are they going to do if you say “sorry, we’re not ready - it’ll be a bit longer than that”? They won’t pull out as any alternative purchase will take far longer to go through. 

Yes they sold before 1st lockdown but completed end of August they told us that their buyers were letting them stay in the house , but today they have told our solicitor we have until 20th 

Dant

hannah021 said:

you can rent a place quickly, or not respond, which will force them to rent one themselves, i doubt they will drop the deal after selling their house. But if they told you months ago, they could be frustrated enough to look elsewhere

They didn’t say months ago ! They said they were able to stop in their house until they purchase went through 

greatcrested

Dant said:

pinkteapot said:

Are you saying your buyer completed on their sale in August and their buyer let them stay in the property?!!

If so, you hold all the cards. What exactly are they going to do if you say “sorry, we’re not ready - it’ll be a bit longer than that”? They won’t pull out as any alternative purchase will take far longer to go through. 

Yes they sold before 1st lockdown but completed end of August they told us that their buyers were letting them stay in the house , but today they have told our solicitor we have until 20th 

It will take their buyers 6 months to evict them, so the deadline of Nov 20th is unecessary.

Ignore it.

Progress your sale/purchase in the normal way.