I have not yet exchanged on the property in Bromley that I am trying to purchase. And so frustrated I am with the process that I have given my lawyer two weeks to sort the matter out. Specifically, I am looking for him to lock down an exchange date by the 2nd of September. If we can’t come to an agreement with the seller, then I will have to consider exercising my option to walk away from this purchase. This purchase has dragged on long enough.
As a first time buyer with my finances in places, the process was supposed to take no more than two months. Now we are in the middle of the 3rd month and there is talk that is may drag on for another month. This is totally unacceptable. Thus, as painful as it may be to start again, I just might consider doing so. With the recent interest rate rises, the market has cooled a bit and things are more favourable to buyers. So who knows, there might be a better deal out there for me. And with Alliance & Leicester indicating that I could have the same product with lower interest rate even if I purchased a different property, I just might start looking again to see what else is out there.