We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Cooling off period?
kaych
Posts: 376 Forumite
When I was randomly searching on line, I found something called 'cooling off period' after exchange of contract. Though most of the sites are from Australia. I was wondering if this practice is available within the UK?
0
Comments
-
Depends on the subject/context. Different industries/methods have different rules.
i.e. Distance selling regulations
http://www.oft.gov.uk/advice_and_resources/resource_base/legal/distance-selling-regulations/
If you mean for exchange of house-buying contract, not heard of that here.0 -
If you are talking about exchange of contractson a house sale then no, there isn't - not without heavy financial penalty. Exchange ofcontracts is a clear agreement to purchase/sell.Everything that is supposed to be in heaven is already here on earth.
0 -
thanks
Just wondering.
yes, I was talking about in the context of exchange of contract on a flat sale. cheers0 -
In UK mainly applies to distance selling and (I think) it will soon apply to sales made at the consumer's residence (i.e. door to door types).0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards