Oue house has been on the market for 1 year. we have a very interested buyer who cannot sell their property. Our property is selling for £210,000 , theirs for £150,000. We do not have a mortgage on our property. The buyer could pay us a substanstial deposit of around £60,000. Any advice as to how we can move this forward, e.g they pay us £1500 per week until their property sells ?

Jeanie

Hi...if they have a deposit without selling their property it is their choice to get a bridging loan to secure your property. If you get into some form of agreement you will have to find somewhere to live yourselves and that will cost you and there will still be some doubt that everything may go pear shaped. They could also get a let to buy mortgage will enable them to purchase yours whilst waiting for theirs to sell. Personally the ball is in their court and the risks to you are too high as far as I am concerned.

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Regards

Ian