Hello Alex,

I am also supposed to be purchasing a Crest flat in Bristol. I have been unable to sell my current property and have notified Crest that I will be unable to complete. (Completion is supposed to be on Thursday 3rd July – tomorrow!!) I’ve been writing to them for the past few months with concerns about selling my property. Last week they agreed to recind the contract.

However, I received a phone call on 30th June saying they won’t recind the contract after all. I’m not sure what’s going to happen now, as there’s no way I can complete tomorrow! They asked if I would accept a part exchange, but still haven’t told me what they would offer me for my house.

As the same flat is now being advertised for £50k less than it was advertised at when I agreed to purchase (and less than I still have outstanding to pay!), I don’t want to complete now either. I know I will loose my deposit, but that’s less than the £50k I’d loose by moving there.

I am now really worried about what’s going to happen. Is anyone else in the same position as me?

Thanks,

Sue



Power of the press by Sue