In the process of buying a property and now it is being repossessed a NATWEST nightmare

I am in the process of buying a property and have just been told by the Estate Agent that the house is being repossessed next Friday. I was only a week away from exchanging contracts but the vendors lender would not release the house deeds. The sale has been frozen i.e searches and valuation. Is there anything that I can do? as I still want to purchase the property. Do I have any rights and if so what are they?

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