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There's a few lenders who will go above 80% for company title. St George are fairly awful IMO.

Simply settle as soon as you're able. Get onto the phone to your conveyancer and ask them to inform the vendor that settlement might be slightly delayed and to explain why. The vendor will likely charge penalty interest which you should then ask the bank to compensate you for.

On the simple side, you've signed a contract and informed the vendors that it's unconditional, you have to settle or be liable for the 10% deposit plus damages as you've indicated. Given there's a problem with the contract, there may be some recourse on the solicitors or conveyancers involved...