Hi All,
Your views on below will be appreciated. Trouble with vendor on purchase of a development plot.
Were due to exchange on the property end March, the Vendor had a charge on property which came to light beginning april, since then he has agreed a settlement end of June, however still hasnt exchanged. His solicitor and himself are not responding.
We are reluctant to move on as The property is BMV, plus We have incurred cost of about £45k, mainly in Bridging loan arrangements fee, interest since 29th March and Architect fees for planning.
Have tried to arrange meetings with Vendor directly, to discuss his issues and work with him, but no luck. My solicitor reckons we cant do much about this.
What would you suggest is the best way to processed? Can you recommend a specialist is such situation?
Thanks.