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Vendors asking for more money for their rental... SOS!

1235»

Comments

  • Did you get a resolution? 
    Not yet, we’re waiting for the vendors to find their onward purchase and have agreed to stick to the price already offered 🤞🏽
  • diggingdude
    diggingdude Posts: 2,501 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    anselld said:
    Wait.  Then reduce your offer by £10k to cover your stamp duty costs.
    Or maybe reduce by more, it is a fast moving economic crisis that is unfolding and you should have no hesitation in lowering your offer price to take account of that, just think how you would feel if you overpaid AND paid their rent and then mortgage rates shot up or something!
    I can't believe I'm agreeing with Crashy but he is right 
    An answer isn't spam just because you don't like it......
  • diggingdude
    diggingdude Posts: 2,501 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Please do not give them any money. If you do that you are just as responsible for this problem. I would not pull out but also keep looking. I guess you could offer to wait until they find somewhere if they pay your rent until then? I reckon I know their response to that. 
    An answer isn't spam just because you don't like it......
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Did you get a resolution? 
    Not yet, we’re waiting for the vendors to find their onward purchase and have agreed to stick to the price already offered 🤞🏽
    Say stamp duty came back and the market stalled, would you lower your offer?
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