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Buying at Auction
laco
Posts: 1 Newbie
We bought a house at auction, and exchanged the same day with a 28 day completion period. We read the legal pack and it stated that 'all charges attached to the property would be paid by the seller prior to completion.' The auctioneers confirmed this, and we have it in writing although its only an email not a letter.
We are now due to complete on Tuesday and our solicitor has found a £4,000 charge on the property. The seller has stated that there is absolutely no way that she will pay it, and our solicitor has advised us that if we fail to complete on Tuesday as planned, that we will have breached our contract and that the seller will forfeit our £30,000 deposit and keep the property!
What can we do?
We are now due to complete on Tuesday and our solicitor has found a £4,000 charge on the property. The seller has stated that there is absolutely no way that she will pay it, and our solicitor has advised us that if we fail to complete on Tuesday as planned, that we will have breached our contract and that the seller will forfeit our £30,000 deposit and keep the property!
What can we do?
0
Comments
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talk to your solicitor that is why you are paying him to advise you, only you and your solicitor have read the documents and can know if you have the basis of a contractual clause you can sue the seller over, we surely don't0
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Unless it is in writing and signed by a legal entity, in this case a person or person representing a company then it is worthless what was in an E-mail pack.
I would speak with the solicitor very quickly and get them to start reading the terms of the deposit.
Failing that you now own a property with a charge on it.Be happy...;)0
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