Last night we had a message from the couple who were buying our house. It seems that the banks will not offer a mortgage on it as it is of non- standard construction. Although the survey report shows that it is in good condition, well maintained with no visible defects, the fact that it is a 1920s timber framed concrete construction means that it is apparently unmortgageable.
We shall have to speak to the agents when they reopen after Christmas to see if they think we may be able to sell at a lower price to a cash buyer who could get planning permission to demolish it and build a new house in its place.
In the meantime, we shall need to find a loan to go ahead with the cottage we are buying, and just hope our sale doesn't drag on too long.
Needless to say, not much sleep was had last night.
Oh well, Merry Christmas!