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Hello - who is this firm of solicitors and where are they based?
It may be the case that the Buyer has told their solicitor to go slow or put the whole thing on hold to spin it out. The only pressure you can put on the buyer is to write to the solicitor and tell them to return the contract because you are going to look for another buyer.
Although that puts pressure on them, what you can do of course is simply leave them in limbo and look for another buyer regardless. Tell the agent that there is no point in proceeding with this buyer because they are clearly wasting your time and that the agent should continue to market the property.
To be honest, they shouldn’t stop marketing the property just because there is an offer because they are under a duty to continue to submit offers to you.
I’m a bit confused why you say that your buyer is waiting for the housebuilder to pull out because surely the buyer is buying your property?
I also don’t know how or why you have invested an extra £4000 in a new build property without actually buying it.
Is this not just a straightforward sale of your house to a (noncooperative) buyer and you are buying a new build? Am I missing something?
There is a lot more to this than your initial question. A fantastic amount more. I am not surprised that this is in abeyance.
If the freehold is passed to the Treasury Solicitor under Bona Vacantia then the wheels are not going to turn quickly. The Treasury Solicitor will have to decide whether the lease is worth anything or whether he wants to disclaim. Nonetheless, he’s going to want his costs paid.
If it was just an absent landlord, then the indemnity policy would have been fine but it’s the involvement of the Crown which makes it more problematical unless it’s possible to get an indemnity in respect which I doubt very much. You need to speak to your solicitor about that. However even if your solicitor does get an indemnity in respect of that, there is no guarantee that the buyer will accept it.
I don’t know whether the solicitor advised you not to pay any money upfront in respect of the upgrades to the new house because obviously, if you fail to complete, you would lose that. However unless the house has been finished and all your upgrades added, there is no reason why you should not get that money back.
I’m not certain what else I can add that I’m happy to answer any specific questions you may have