Bridging Loans

camronwilson

foxy-stoat said:

camronwilson said:

foxy-stoat said:

camronwilson said:

Do we have any other options as we really don’t want to lose this property? 

Buy lottery tickets....seriously just try and reconnect the chain, let the vendors know whats happened but your still keen to buy.  How far along in the buying process are you?

We were just about to get a moving date! We started the process late August...

You mean you have completed surveys, got your mortgage secured, your buyers have their mortgage in place, completed their surveys and your about to exchange contracts with completion dates - when your buyers buyers have stop talking?

No point in trying to get credit for a house that you have no guaranteed way to pay for it, if you some how managed to get a bridging loan your current mortgage lender will need to be informed and they would probably pull the offer.  

I would keep on at your estate agent on a daily basis to put pressure on your buyers.

We are not getting a mortgage we are downsizing...

Our buyers buyer has not officially pulled out they are just not responding to anyone not even the conveyancers, so our buyer has made the assumption they are not interested and put their house back on the market.