Anyone had a situation where the buyer/seller chain breaks down after exchanging contracts, if so how did it work out? My mum was supposed to be moving near us (moving-in day was today), yesterday evening less than 24 hours before she was due to get the keys we got a call from the solicitor saying the house the seller was moving to the same day had fallen through, the person they were buying from decided last second to not sell the house.
The seller up the chain who pulled out is in breach of contract (?) and has to pay some form of compensation unless they keep to their side of the contract but none of the solicitors can seem to agree exactly what happens next because it's an uncommon situation for such a late fall through. Said seller lives in London and the house they were selling is only their holiday home so presumably they’re the sort of seller who aren't bothered about the cost of any potential compensation they may/may not be liable for.
Person my mum was selling to is supposed to get compensation from us, we have to get it from the next seller who has to get it from the person who pulled out. Whole thing's a mess, everyone has their houses packed up in storage, cancelled utilities, removal vans, etc. and now it looks like no-one is moving anywhere.