Exchange of contracts can seller pull out after signed

Missmay

Hi I'm buying a listed building from a seller who purchased it at auction from the local council at that time it had a clause that it had to wind and watertight before he could sell it again, the council visited last week and this is not been done, the council and the sellers solicitor suggest we exchange contracts and I get the work done I've had a quote of £10,000 and complete as soon as they are happy with the work, we have already had all searches done, plans draw and committed to some finance for the repair work that's needed. ( I'm paying cash for the building so no mortgauge) finally the building is owned by a limited company and I'm buying the building only not the ltd company
Questions
1) can the seller pull out after the works done
2) if he does what can a claim back
3) is there a better way around this

Many thanks for your response

Miss may

ValHaller

If the seller pulls out of the sale, there will be penalties if your solicitor includes them in the contract.

I suggest you consider taking a charge on the property to cover you for the value of the work you will undertake.

You need professional legal advice on this.