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Vendor pulled out - getting back costs?
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yorkshire_terrier_owner wrote: »Do we have a choice?
Not as things stand, but you could lobby your MP to amend the English system in parts to resemble the Scottish system - if nobody asks for it it's not going to happen.0 -
Is there not a possible issue as to whether the son was legally entitled to put the house up for sale? Not that OP will ever get an answer to that one.0
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The system in the UK serves no logic what so ever. The fact that any tom !!!!!! or harry can put an offer on a house and pull out is mad. Also, the fact that a vendor can accept an offer on a property and then pull out after the prospective buyer has competed surveys etc before the day of exchange is also mad.
The law should be - once you make/accept and offer it is legally binding - period!!!0 -
If you are the prospective purchaser and you get notice of redundancy, or of a terminal illness, the day before exchange you are very glad of the English system.
I do agree that something should be put at stake by both parties to make the system more equitable, but how much should someone told they have no job, or six months to live, be required to forfeit?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
kingstreet wrote: »how much should someone told they have no job, or six months to live, be required to forfeit?
Produce a P45 or a medical certificate diagnosing terminal illness and you can be exempt.
But the other 999/1000 people who jerk people around should pay up for the expenses and inconvenience caused, in my opinion.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
The system in [STRIKE]the UK [/STRIKE] England serves no logic what so ever. The fact that any tom !!!!!! or harry can put an offer on a house and pull out is mad. Also, the fact that a vendor can accept an offer on a property and then pull out after the prospective buyer has competed surveys etc before the day of exchange is also mad.
Fixed that for you.The law should be - once you make/accept and offer it is legally binding - period!!!
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Fair enough.HAMISH_MCTAVISH wrote: »Produce a P45 or a medical certificate diagnosing terminal illness and you can be exempt.
But the other 999/1000 people who jerk people around should pay up for the expenses and inconvenience caused, in my opinion.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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