Buying a house where previous house sales had fallen through

suebfg

Is the estate agent obliged to tell us why the sales had fallen through?

JennyW_2

suebfg wrote: »

Is the estate agent obliged to tell us why the sales had fallen through?

Yes they are required by law to inform you of the reasons

martinsurrey

JennyW wrote: »

Yes they are required by law to inform you of the reasons

Rubbish.

They are not allowed to withhold information about the PROPERTY that could affect your decision to buy.

They are in no way obliged to tell you about the reasons a purchaser pulled out in everycase.

if they pulled out because of subsistence that came up on a survey, they have to tell you, if it was because they couldn’t get a mortgage, or found somewhere else,or vendor did find somewhere to buy in time, they don’t have to tell you.

Ask, did any of the sales fall through due to any problems with the property found during searches or surveys, and get their response in writing.

Catherine_Johnson_2

JennyW wrote: »

Yes they are required by law to inform you of the reasons

What Law is that exactly?

tim123456789

Catherine_Johnson wrote: »

What Law is that exactly?

The Consumer Protection from Unfair Trading Regulations 2008

As Martin says they are only obliged to tell you anything that they (now) know that could be material to your decision to purchase. So as, for example, not getting you to waste money on a survey that they know is going to show up problems that may cause you to back out.

Of course, if they try and hide behind not telling you, you are going to be suspicious, aren't you (I know I would be).

tim

JennyW_2

Catherine_Johnson wrote: »

What Law is that exactly?

how rude.....

http://www.estateagenttoday.co.uk/news_features/Ombudsman-When-and-what-agents-should-disclose