This weekend we had a worrying phone call from the Owner(s). There were the usual pleasantries, but also a few shocks. It pains me to find out they are actually losing sleep now and waking in the middle of the night. Speaking to him he sounded distant and withdrawn. Not his normal cheery self.
The outcome of the call was that they have to have a completion date that's before the end of this month. He didn't make it clear what would happen otherwise, but I wasn't going to ask. Instead I promised him that, one way or another, we would get the sale through by then. To do this we have to do one of two things. 1) Get the Buyers sorted out 2) Find the money we would be getting from the sale elsewhere.
So, last night, I called the Buyers. I had to do it because Karen can no longer stand to talk to them. If she did it's likely to erupt and who knows what would happen then. Instead I put my diplomat's head on and called them. The outcome wasn't great but it's a step forward. Things are still held up by the second surveyor, on whose desk the report has been lost. The Buyers seem to think they've upset them following a previous complaint and assure us they are going to make another complaint. I told them I don't care what they are going to do and that all I care about is them getting the obstacle cleared. The only thing I could do was tell them to get down to the office and accept nothing but a meeting with the guy and a resolution to it all. I don't like to patronise people but it really is like dealing with dumb and dumber. They said they would call back tonight but haven't, as is typical with them.
The other option is a Bridging Loan. Expensive to say the least but a solution to half the problem. The only problem would be that we are then paying the interest on the loan and mortgages on two properties. It would stretch the budget to its limits, would normally be our last resort, but is looking more and more likely now.
Anybody have any ideas? Is there an alternative?