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Purchase failed at last minute due to ‘Improvement grant’ on property
Comments
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It is my husband who has failed to complete the sale and the seller is currently being very reasonable about things.0
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But the only reason they're not releasing the money is because the seller has got something adverse registered against their title, which they can't/won't remove?sheramber said:It is the OP 'S husband who has failed to completed the sale as his lender has not released the money.2 -
Do you have 10% deposits in Scotland for the seller to get his hands on?BillieBoy said:It is my husband who has failed to complete the sale and the seller is currently being very reasonable about things.
How come missives were concluded with this grant not being considered first?No reliance should be placed on the above! Absolutely none, do you hear?1 -
No, there are no deposits in Scotland (apart from auctions and maybe a more modest amount for newbuilds).GDB2222 said:
Do you have 10% deposits in Scotland for the seller to get his hands on?BillieBoy said:It is my husband who has failed to complete the sale and the seller is currently being very reasonable about things.
And like I said above, I'm not convinced it's the buyer who is in default anyway.1 -
Thank you all for your comments so far.
Whilst the council have refused to provide my husband’s solicitor with a letter of my husband was to set up a meeting with them and attempt to get one do you think the lender would accept it?
perhaps he can also try the offer of paying the grant ‘on completion’ through his solicitor rather than in advance although if it were a viable option I’m surprised the solicitors haven’t suggested it themselves0 -
It is a estate sale. There may be no money to pay or the executor may not have authority to pay it. It has to be paid before completion but it was never part of the sale agreement.user1977 said:
But the only reason they're not releasing the money is because the seller has got something adverse registered against their title, which they can't/won't remove?sheramber said:It is the OP 'S husband who has failed to completed the sale as his lender has not released the money.
OR
It may not need to be repaid but the council won't confirm that.
In Scotland once all points are agreed the solicitors conclude missives- usually on a date agreed with both parties.
It appears that, although a date was agreed in this case , the solicitor did not actually go ahead and conclude missives because of the problem.0 -
Who would give authority to someone to repay the grant? I’m wondering what the chances would be of my husband’s solicitor agreeing to pay it on his behalf at completion as he would be the new owner.0
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One potential complication to look out for is I understand that despite the reality of who lives where, for some purposes a married (but I think not separated) couple may only have one main home, not one each - I think CGT is one of those cases, and council tax. Hopefully this is not another! Though if you are considering repaying it anyway maybe it would be simpler to repay through that route as the procedures will presumably be in place.
But a banker, engaged at enormous expense,Had the whole of their cash in his care.
Lewis Carroll0 -
As the grant doesn’t need to be repaid, would the lender allow husband to open an account with them for that money that they have a lien over?
No reliance should be placed on the above! Absolutely none, do you hear?0 -
can your husband send an email to the council asking them to confirm 'if the conditions continue to be met the grant will not have to be repaid'. if they reply 'yes' then that email and reply can be forwarded with a complete header to the lender maybe?Almost everything will work again if you unplug it for a few minutes, including you. Anne Lamott
It's amazing how those with a can-do attitude and willingness to 'pitch in and work' get all the luck, isn't it?
Please consider buying some pet food and giving it to your local food bank collection or animal charity. Animals aren't to blame for the cost of living crisis.0
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