Property Partner, Joanne McIvor advises on a house sale where the chain was broken by a buyer whose mortgage offer was withdrawn at the last minute, in the latest Troubleshooter column in the Property section of The Times.
For almost a decade, Abdus Saboor and his wife, Mounia, saved up for the perfect home to bring up a family. At 10.30am on November 9, it seemed as though their dream was about to come true.
A removal van arrived at the front door of their two-bedroom house in Caversham, Reading, to take their possessions to a four-bedroom semi-detached house that they had bought for £675,000. Then Abdus, who works in information technology, had an email from his solicitor telling him not to pack the van.
His buyer’s mortgage funds had not arrived, so the deal had been held up. The couple, who have a ten-month-old baby, waited anxiously until, at 2pm, their solicitor emailed again with worse news. The move was off…
Read the full article in The Times (subscription may be required)