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Chain about to collapse

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  • ncfcfan
    ncfcfan Posts: 124 Forumite
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    AdrianC wrote: »
    No, the incentive was dependent on completing in September right from the moment it was agreed.

    You didn't complete in September.

    We didn't meet their deadline. (Not our fault I hasten to add, and not something we have total control over). They didn't meet our requirement of £5k off the total cost of the house, to make up for the reduced price on our own house.
    AdrianC wrote: »
    Ah, of course... I don't agree with you, therefore I must be ONE OF THEM.

    No denying it then.
    AdrianC wrote: »
    <sigh>
    I bet they're really quite happy in the office this morning, and looking forward to selling to somebody who won't blame them for everything from the weather onwards.

    I doubt it. They've been trying to sell it since January - I doubt they'll sell it this side of January. My heart breaks, it truly does. Especially knowing they're having to shell out on additional estate agent fees.

    I'll be keeping a close eye on it, for sure.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
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    ncfcfan wrote: »
    We didn't meet their deadline.
    Exactly.
    (Not our fault I hasten to add, and not something we have total control over).
    Welcome to buying in a chain.
    They didn't meet our requirement of £5k off the total cost of the house, to make up for the reduced price on our own house.
    Oh, but they would have.

    If only you'd met your end of the agreement you shook hands and undoubtedly signed paperwork on.
  • ncfcfan
    ncfcfan Posts: 124 Forumite
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    ...and they didn't inform of us of this decision until yesterday, when we were about to exchange. Then gave us another unreachable deadline with half the money. Seems fair.
  • hazyjo
    hazyjo Posts: 15,470 Forumite
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    ncfcfan wrote: »


    We only agreed to the purchase providing we could have the £5k incentive, regardless of their restrictions.
    Did you tell them that though? Only it sounds like the restrictions are exactly what you agreed to :think:
    2023 wins: *must start comping again!*
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    ncfcfan wrote: »
    It's all left a bit of a sour taste. I wouldn't be opposed to walking away at this point.

    Struggling to what the developer has done wrong. If your buyer isn't in a position to exchange. The developer hasn't caused a delay to the process.
  • ncfcfan
    ncfcfan Posts: 124 Forumite
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    hazyjo wrote: »
    Did you tell them that though? Only it sounds like the restrictions are exactly what you agreed to :think:

    Yes I told them as much.

    We didn't 'agree' to any restrictions as such. They just said the incentive was there for a September completion.
  • ncfcfan
    ncfcfan Posts: 124 Forumite
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    Thrugelmir wrote: »
    Struggling to what the developer has done wrong. If your buyer isn't in a position to exchange. The developer hasn't caused a delay to the process.

    Seems silly to put a time restriction on a process like this then. Their fault.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
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    ncfcfan wrote: »
    We didn't 'agree' to any restrictions as such. They just said the incentive was there for a September completion.
    eb3d921db89f5e606074e69f8b3e2270.jpeg
  • hazyjo
    hazyjo Posts: 15,470 Forumite
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    ncfcfan wrote: »
    Yes I told them as much.

    We didn't 'agree' to any restrictions as such. They just said the incentive was there for a September completion.
    Isn't that a bit contradictory?
    2023 wins: *must start comping again!*
  • ncfcfan
    ncfcfan Posts: 124 Forumite
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    hazyjo wrote: »
    Isn't that a bit contradictory?

    How so?

    I said we'd do our best to meet that deadline, but ultimately it's out of our hands. There wasn't an agreement in place, where I signed etc.
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