Hi wondering if anyone can help us out, offer advice on this.
As cash buyers we went sale agreed on a property ( neglected looking property I might add!) end August 2020. Paid booking deposit to estate agents & engaged solicitor. Contracts signed by both ourselves and vendors mid Nov and balance of full deposit 10% paid by us on time. Contained within that contract was a closing date of Dec 1st which was not complied with by vendors. Despite us calling, texting & emailing estate agent & solicitor in the weeks before that date requesting clarification on pre-closing inspection and transferring funds in time for closing we were told no one could make contact with vendor and we were probably not going to close on Dec 1st.
The vendor then requested a closing date 2 months away which did not suit us and was contrary to what was agreed in contract. Our solicitor then served a 28 day completion notice and on receipt of that by vendor solicitor a new closing date was agreed days away.
As we near that new closing date we are once again trying to arrange a pre-closing inspection, have funds transferred and working on the basis of moving in on that date only to be told no one can make contact with vendors again to organise pre-closing view and that "they are being uncooperative with both estate agent and their own solicitor ".
We have passed the house and zero sign of anything moving or any attempt to remove junk and belongings from house gardens etc What is particularly worrisome is that on documents we signed we noticed that the mortgage is a vulture fund group so assume bad debt is involved and estate agent also mentioned something about banks chasing vendors.
Any views or advice on this topic would be very much appreciated
As cash buyers we went sale agreed on a property ( neglected looking property I might add!) end August 2020. Paid booking deposit to estate agents & engaged solicitor. Contracts signed by both ourselves and vendors mid Nov and balance of full deposit 10% paid by us on time. Contained within that contract was a closing date of Dec 1st which was not complied with by vendors. Despite us calling, texting & emailing estate agent & solicitor in the weeks before that date requesting clarification on pre-closing inspection and transferring funds in time for closing we were told no one could make contact with vendor and we were probably not going to close on Dec 1st.
The vendor then requested a closing date 2 months away which did not suit us and was contrary to what was agreed in contract. Our solicitor then served a 28 day completion notice and on receipt of that by vendor solicitor a new closing date was agreed days away.
As we near that new closing date we are once again trying to arrange a pre-closing inspection, have funds transferred and working on the basis of moving in on that date only to be told no one can make contact with vendors again to organise pre-closing view and that "they are being uncooperative with both estate agent and their own solicitor ".
We have passed the house and zero sign of anything moving or any attempt to remove junk and belongings from house gardens etc What is particularly worrisome is that on documents we signed we noticed that the mortgage is a vulture fund group so assume bad debt is involved and estate agent also mentioned something about banks chasing vendors.
Any views or advice on this topic would be very much appreciated
Last edited: