Is there anything we can do?

getmore4less

Forgot to say

I hope you continued looking for an alternative after the 11th and your decision to say you would pull out

If you didn't the EA and potentially the other parties know you were bluffing.

You need to get an alternative lined up in case this drags on any longer and you decide thats it so you are not starting from scratch again.

your time line has you 8/9 weeks to find a place after that FTB offer was accepted .

if you go back to them with I pulled out of the purchase without having  an accepted offer on a different place they are more likely to pull the plug as well.

[Deleted User]

getmore4less said:

Forgot to say

I hope you continued looking for an alternative after the 11th and your decision to say you would pull out

If you didn't the EA and potentially the other parties know you were bluffing.

You need to get an alternative lined up in case this drags on any longer and you decide thats it so you are not starting from scratch again.

your time line has you 8/9 weeks to find a place after that FTB offer was accepted .

if you go back to them with I pulled out of the purchase without having  an accepted offer on a different place they are more likely to pull the plug as well.

We’re really set on the area we currently live in, sadly it’s pretty small and houses of the size we’re buying don’t come up very often, we have alerts on and I check right move all the time in case a better option comes up but nothing has so far so it makes it hard to explore other options. 

I appreciate advice where everyone says don’t buy a house with tenants, but we’ve never taken the word of the EA or the seller, we got our solicitor in touch with all parties in our chain and the chain above early on to make sure everyone was serious about moving on.

980233

Deleted User said:

getmore4less said:

Forgot to say

I hope you continued looking for an alternative after the 11th and your decision to say you would pull out

If you didn't the EA and potentially the other parties know you were bluffing.

You need to get an alternative lined up in case this drags on any longer and you decide thats it so you are not starting from scratch again.

your time line has you 8/9 weeks to find a place after that FTB offer was accepted .

if you go back to them with I pulled out of the purchase without having  an accepted offer on a different place they are more likely to pull the plug as well.

We’re really set on the area we currently live in, sadly it’s pretty small and houses of the size we’re buying don’t come up very often, we have alerts on and I check right move all the time in case a better option comes up but nothing has so far so it makes it hard to explore other options. 

I appreciate advice where everyone says don’t buy a house with tenants, but we’ve never taken the word of the EA or the seller, we got our solicitor in touch with all parties in our chain and the chain above early on to make sure everyone was serious about moving on.

But that's exactly what you have done from day 1 from the information all your threads have contained, this is why you are in this predicament.

getmore4less

Deleted User said:

getmore4less said:

Forgot to say

I hope you continued looking for an alternative after the 11th and your decision to say you would pull out

If you didn't the EA and potentially the other parties know you were bluffing.

You need to get an alternative lined up in case this drags on any longer and you decide thats it so you are not starting from scratch again.

your time line has you 8/9 weeks to find a place after that FTB offer was accepted .

if you go back to them with I pulled out of the purchase without having  an accepted offer on a different place they are more likely to pull the plug as well.

We’re really set on the area we currently live in, sadly it’s pretty small and houses of the size we’re buying don’t come up very often, we have alerts on and I check right move all the time in case a better option comes up but nothing has so far so it makes it hard to explore other options. 

I appreciate advice where everyone says don’t buy a house with tenants, but we’ve never taken the word of the EA or the seller, we got our solicitor in touch with all parties in our chain and the chain above early on to make sure everyone was serious about moving on.

At least you are still looking, if that is the only one available then you have no choice but to wait for everyone else.

Thing is here you also have the new build buyer they can be just as bad as a property with tenants.

That brings us back to you are in effect two chains, tenant and new build can agree to a timescale of their convenience totally independent of the rest of you. 

You still risk you FTB getting fed up and looking, If they are smart they won't tell you till have somewhere and could be too late to get them back on board with more empty promises.

The other issue is the landlord is kind of in the same position and has no control over their tenants onward move.
The ace in the hole is once that tenant moves they have waited so long prices have gone up enough that they want more.
Lack of supply puts them in a strong position do you have contingency if that happens?


Your solicitor won't have done any extra checks/filters they just pass on what they are told, as good as believing the EA and vendors.

GDB2222

If I were in your position, I would do these two things:

I would speak directly to the tenants, nicely, very nicely, and hear from them what they say their plans are. I'd take it with a pinch of salt, but at least I would have tried. These Chinese whispers games, with solicitors asking solicitors, are a waste of time. Hear it from the horse’s mouth.

I would very actively look around for a different property.  There’s no point pulling out of this one until you have found another. 

The only other thing that you can consider is threatening to pull out unless the landlord incentivises the tenants to vacate immediately. Given enough money they might well do that. Unfortunately, you probably won’t be believed.

980233

GDB2222 said:

If I were in your position, I would do these two things:

I would speak directly to the tenants, nicely, very nicely, and hear from them what they say their plans are. I'd take it with a pinch of salt, but at least I would have tried. These Chinese whispers games, with solicitors asking solicitors, are a waste of time. Hear it from the horse’s mouth.

I would very actively look around for a different property.  There’s no point pulling out of this one until you have found another. 

The only other thing that you can consider is threatening to pull out unless the landlord incentivises the tenants to vacate immediately. Given enough money they might well do that. Unfortunately, you probably won’t be believed.

And move out to where as they are apparently buying themselves?

GDB2222

980233 said:

GDB2222 said:

If I were in your position, I would do these two things:

I would speak directly to the tenants, nicely, very nicely, and hear from them what they say their plans are. I'd take it with a pinch of salt, but at least I would have tried. These Chinese whispers games, with solicitors asking solicitors, are a waste of time. Hear it from the horse’s mouth.

I would very actively look around for a different property.  There’s no point pulling out of this one until you have found another. 

The only other thing that you can consider is threatening to pull out unless the landlord incentivises the tenants to vacate immediately. Given enough money they might well do that. Unfortunately, you probably won’t be believed.

And move out to where as they are apparently buying themselves?

Given a big enough incentive, they can move out to The Ritz. However, it’s probably possible to find something quite a bit cheaper.

Clearly, for an incentive of say £100k, they’d move out in hours (well, I would, anyway). So, it’s a question of finding the sweet spot which makes it worth their while and where everyone is happy. If that exists.

neet87

I do sympathise, it sounds like a very stressful situation. Having read this thread and thought about it, for your own sanity you need to try and stop thinking that the tenants should act how you would act in their situation.

Age is teaching me that when we expect others to behave how we would, it only leads to disappointment when they don't. I have a very rigid sense of right and wrong and hold myself to high standards of what I perceive to be the moral things to do. Other people perceive things differently and on occasion, some people have lower morals. I have been bitterly disappointed by this when younger and now try not to hold people against my own standards, if you understand by point. 

lookstraightahead

GDB2222 said:

980233 said:

GDB2222 said:

If I were in your position, I would do these two things:

I would speak directly to the tenants, nicely, very nicely, and hear from them what they say their plans are. I'd take it with a pinch of salt, but at least I would have tried. These Chinese whispers games, with solicitors asking solicitors, are a waste of time. Hear it from the horse’s mouth.

I would very actively look around for a different property.  There’s no point pulling out of this one until you have found another. 

The only other thing that you can consider is threatening to pull out unless the landlord incentivises the tenants to vacate immediately. Given enough money they might well do that. Unfortunately, you probably won’t be believed.

And move out to where as they are apparently buying themselves?

Given a big enough incentive, they can move out to The Ritz. However, it’s probably possible to find something quite a bit cheaper.

Clearly, for an incentive of say £100k, they’d move out in hours (well, I would, anyway). So, it’s a question of finding the sweet spot which makes it worth their while and where everyone is happy. If that exists.

The op could move out equally as easily as the tenants and sell their house to boot.

the issue here really is that the op expects the tenants to move out to accommodate the op, yet the op won't move out to accommodate themselves even though they are the ones at risk of losing their buyers and even though the tenants don't need to move as it makes no difference.

The only issue here is that someone has told the op the tenant will move out and they havent. Otherwise it all seems to be about putting the tenants out because, well, they are tenants and can live anywhere surely ...

74jax

Deleted User said:

@getmore4less

Thats great but what’s your advice? I appreciate the level of time you have to gather up all my posts but not sure on the relevance? I do mention on this post that I’ve made a few already and attempt to summarise. 

I’ve never sold or bought at once before, so the process is new to me and so I’ve come to this forum for advice whenever we’ve encountered issues. On many occasions we’ve followed the advice we’ve received and in most cases it’s enabled us to move forward as things have been resolved. 

I think it’s a shame that some people comment on threads to be no help whatsoever with clearly no aim at all. 

I’m aware of all those posts, I wrote them, so thanks for the absolutely useless response. 

The point of showing posts, is to help other readers, so we don't give advice that has already been given in other posts. 

It's clearly in the forum guides that the moderators do not allow multiple posts asking similar things from the same person, if reported you can be banned as it is classed as spamming.  It ties up the board and people can keep replying to multiple posts, not realising that they are all the same person. 

You can ask the mods to merge all the threads together, in one place, but what you should do, and is requested in the rules, is to add further information to the original post.