We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Property Developer pulls out of house purchase 2 days before completion. Absolute nightmare.
Comments
-
Haven't read the thread in detail but this jumps out - unless I am misunderstanding the EA is selling a property for them?
"Can't / won't disclose much about them, as they're selling a house for them currently,"
If so, they have assets. Try and get a charging order quickly.
Assuming, of course, they are selling it in the name of the Limited Company.
The only other option I can think of is solicitor negligence. You mentioned your solicitor was a 'bit suspicious', but for me they should have insisted on the directors personally liable especially as it was a new company. Depends on exactly what your solicitor said to you. They are the experts acting on your behalf and should have strongly suggested personal director liability and by not doing so may have been negligent. The whole situation (exchanging with a newly formed company) screams danger and any solicitor should have been very very forthright with you about the dangers and penalties.
Your solicitor should have warned to, in writing, about what you were getting into and what would be likely to happen 6 months down the line.2 -
Sorry for not answering any questions to date. Been trying to take my mind off this awfully stressful situation for the last few days as the worry was hindering my sleep.
Will answer and update tomorrow.2
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards