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Timea's
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Timea Buknicz
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Hi! I've just try to get back my reservation fee from I AM SOLD, of course they don't want to refund it back. We bid for a property and we had problem with the valuation, the seller needed to remove the second d kitchen and it took couple of weeks to convince him to do it so basically we were out of the 28.days to sign the contract and we were advice not to do it until we don't know we can get 100% sure a mortgage for the property. We couldn't get mortgage within the 56 days, we got 2X extension on the completion day as the seller was abroad until mid Feb so he was quite generous with the extension. Our latest reservation period ended on 29th of February, on 24th of February we got a new application, that was very promising, and on 26th of February we had finally a successful valuation. I wrote an email to the seller about the successful valuation and ensure him from now 100% we will get the mortgage and the broker at the bank told us we will get the mortgage offer on 28th of February or at latest 2ND or 3RE of March, on 28th of February I let also I AM SOLD knows that we had finally a successful valuation and we need just wait for the mortgage offer in writing. On 26th of February the seller replied to my email as he need to know as soo .as possible we can get 100% the mortgage or not because he paid the fee for Purple Brick for an advertisement, what going online on Monday 02/03, after our reservation period finished (29/02) but it will not keep us to purchase the property. On 03/03 we got the mortgage offer from the bank and I wrote to the seller that we have it and he said he sorry but he got much higher offer already on the property and if we can't offer more money (£18000 more on a property what we bid and accepted the offer before ended the bidding on Period for £207000). So I've checked zoopla, right move and Purple Bricks and the advertising went online on 26th of February, I have print screen about these , which was within our reservation period which is a breach for our reservation period contract with I am Sold me and the seller as there is a point between the seller's obligation not advertising, showing nor negotiate about the property just with the buyer within the reservation period. Yesterday the seller told me he is willing to go through with the purchase with me if I pay 250000 for the house instead of 207000. So I told I am sold I wish to go with my purchase on the agreed price, I have finance in place , if the seller doesn't honour it, just pay back the reservation fee as when he started to advertise property however he knew finally we had successful valuation, he broke the contract and basically withdrawn from selling his property to me. And the reservation fee is refundable when the seller is withdrawn. I told them to refund d and chase the seller for any loss, as he was he broke the contract. They refuse to pay back the money and their answer: it doesn't matter the seller broke the contract, I wouldn't made the payment on time. Please let me know what do you think about our case, where we could get help to get back at least our almost £10000 reservation fee. Thank you
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Timea Buknicz
10 March 2020 20:27 PM
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From: Timea Buknicz
10 March 2020 20:27 PM