AIBU to think the system for house vending in England is ludicrous?
Right up until the day contracts are exchanged either buyer or seller can pull out of the transaction, by which time hefty financial (not to say emotional) costs have usually been incurred.
Picture this: a young couple with small children have an offer accepted on their dream house in another part of the country. They agree a date to exchange contracts with completion date a fortnight later. They pay for a full house survey, they incur mortgage arrangement and solicitor's fees, they hand in notice at work, book a removal van and pay the deposit - and then, on the day that contracts were to be exchanged they receive notice that the vendor of their dream home is thinking of withdrawing from the sale and will let them know in a few days if this is to be the case or not. His 'reason' is not that he can't afford the mortgage on his next (£1.1m) house, but that he's 'not happy' with his bank's current interest rate!!
The couple have also sold their own house, subject to contract, and now are left in the position of having to do the same dirty deed on their buyer, or become homeless.
I am beyond angry!
grannyactivist Fri 17-Jan-14 00:05:28
Gally Fri 17-Jan-14 01:41:28
absent Fri 17-Jan-14 01:50:00
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glammanana Fri 17-Jan-14 07:30:12
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Marty Fri 17-Jan-14 10:06:50
rosesarered Fri 17-Jan-14 20:10:16
jeanie99 Fri 17-Jan-14 20:42:50
dogsdinner Fri 17-Jan-14 22:16:42
grannyactivist Tue 04-Feb-14 00:14:27
harrigran Tue 04-Feb-14 00:57:42
Tegan Tue 04-Feb-14 01:05:45
Grannyknot Tue 04-Feb-14 11:08:15
J52 Tue 04-Feb-14 12:13:30
granjura Tue 04-Feb-14 13:21:01
grannyactivist Tue 04-Feb-14 13:43:33
durhamjen Tue 04-Feb-14 14:14:12
Galen Tue 04-Feb-14 14:18:51
grannyactivist Tue 04-Feb-14 14:45:36
MamaCaz Tue 04-Feb-14 16:06:43
Grannyknot Tue 04-Feb-14 16:50:31