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Buying house in Scotland

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Seve52
Seve52 Posts: 4 Newbie
in House buying, renting & selling
I have had an offer accepted on a property in Scotland, I am having serious doubts on the situation. Can I pull out as the missives have not been signed?

Comments

  • thedalmeny
    thedalmeny Posts: 235 Forumite
    Pretty sure unless the missives have been 'concluded' it is not binding and you have no liability.
  • Seve52
    Seve52 Posts: 4 Newbie
    I spoke with solicitor on Thursday and they weren't as he is waiting on mortgage and deposit letter from parents which I am holding back. Do you think that I will incur any penalties.
  • thedalmeny
    thedalmeny Posts: 235 Forumite
    Seve52 wrote: »
    I spoke with solicitor on Thursday and they weren't as he is waiting on mortgage and deposit letter from parents which I am holding back. Do you think that I will incur any penalties.

    I'm by no means an expert - but i don't believe so. You're best contacting your solicitor.
  • Seve52
    Seve52 Posts: 4 Newbie
    He is off till Tuesday however I will contact him then, thanks again. Makes things lot easier if no costs involved.
  • scottishblondie
    scottishblondie Posts: 2,495 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Seve52 wrote: »
    He is off till Tuesday however I will contact him then, thanks again. Makes things lot easier if no costs involved.

    You'll probably still have solicitors fees to pay as he has done work for you.
  • aggypanthus
    aggypanthus Posts: 1,579 Forumite
    1,000 Posts Combo Breaker
    Isnt an offer, and an acceptance legally binding?
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    aggypanthus wrote: »
    Isnt an offer, and an acceptance legally binding?

    Not until missives are concluded.

    http://www.lawscot.org.uk/media/418751/client%20guide%20270911%20final.pdf

    Section 1, para 4.
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    scottishblondie wrote: »
    You'll probably still have solicitors fees to pay as he has done work for you.

    If the OP continues to use the same solicitor for another purchase, they shouldn't face significantly higher fees than they would had they purchased this one, perhaps a small premium for the work done since the withdrawal is at the buyer's request, not a failed offer.

    Why are you withdrawing, OP?
  • Seve52
    Seve52 Posts: 4 Newbie
    Section 1 paragraph 4 says I don't have to give a reason?
This discussion has been closed.
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