Bank now won't provide mortgage. Our houses already off the market already. What next

[VacherObsessive]

Basically, my bank (who I already have an existing mortgage with) made a mistake somehow in giving my mortgage in principal on a new property I want to buy, and now they wont lend me the money. I wanted to port my mortgage and borrow more for the new house, as I earn a lot more than I used to, but they have an issue with freelancers . anyway, sticking to topic – what is the next step in breaking all agreements?

I take it I will have to inform the estate agent that I have to pull out of the deal to buy the house first and foremost, on account that I literally can’t buy it. The bank has offered to actually pay for any legal expenses I’ve incurred to date as it was their error, but luckily we have not spent any money on legal fees or any other fees up front, it Is still at a stage of ‘offers’, and I don’t think any other party have either.

Question I have is if I take the property off the market (as I cant move regardless of any sale offers), I have a feeling the estate agent will still charge me a huge fee for any services undertaken to date. Does this mean I should keep my property on the market to avoid such fees, but change the sale price and put the property at an exhorbantly high sale price so that no one will be interested? As it will take me another 9 months before I qualify for the mortgage that the bank originally offered me.

Could use any tips in regards to getting out of this situation, as my only experience with property is with the property I have now, which I bought as a first time buyer 18 months ago. Thanks