gazundering and horrible buyers...advice please!

Wanderingpomm

naomibm said:

lookstraightahead said:

to be fair if you didn't even know about the freehold then I would be checking everything really carefully as a buyer, there is no reason why he would know about your freehold/leasehold situation.

They might be pulling a fast one and it's your choice whether you put it back on the market. They can pull out (as can you) any time up to exchange.

you cant get a mortgage on a freehold flat..

You can get a mortgage if you own a share of the freehold. The freehold for my flat is shared between the 3 flat owners. We mange the building between us 

Crashy_Time

rik111 said:

I wouldn't be messing around. You have been misled from the start.
Just ring the agent Monday and tell them to put it back on the market, the market has really heated up since you sold so you are likely to get a better offer but I bet the  current buyer comes crawling back at the agreed price......
I did this once when the buyer started messing us around regarding the electrics. They wrote us a letter begging to continue with the sale. Was smooth sailing from there on in.

Looks like they didn`t crawl back.

lookstraightahead

naomibm said:

the buyers have pulled out as we were about to pull out. very stressed, worried but in a way...at least we dont have to deal with them anymore. i just hope we can get a new buyer quickly.

This time round check what the situation is with the freehold - who owns the freehold etc. Also please do check with your agent what the situation is regarding the cladding issues around flats (I know you say yours doesn't have cladding but some mortgage providers are stating they need the paperwork completed to prove this). These issues are massive for buyers