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Storm damage between exchange and completion

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  • kingstreet
    kingstreet Posts: 39,250 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    As edddy said, it dependns which version of the Standard Conditions of Sale are being used, 4th or 5th.

    If the latter, the purchaser accepts risk from exchange.
    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.
  • seriousDFW wrote: »
    Apologies if this is a commonly-used term, but what is a "dumb cluck"?

    According to an online dictionary "a person with the intellectual capacity of a chicken". Another way to put it would be "thick as two short planks".

    aka "bane of life"....:rotfl:
  • chris_m wrote: »
    It's where the person using the term thinks the person of whom they are speaking is stupider then them.

    Thanks. You learn something new every day. What a horrible expression!
    DFBX2013: 021 :j seriousDFW £0 [STRIKE] £3,374[/STRIKE] 100% Paid off
    Proud to have dealt with my debts.
  • Perhaps one I shouldn't use...but is sometimes born of exasperation when encountering two or three in quick succession and having the resultant extra work to show for it because they don't know what they are doing....

    Okay...we'll use a no-fault term and say "intellectually challenged" instead and I'll try to stick to that term ....even if I've just encountered yet another one making life more effort than it should be...:cool:
  • Faith177
    Faith177 Posts: 2,927 Forumite
    Part of the Furniture 1,000 Posts
    I would have thought it would be the sellers responsibility as it is still their property. I always thought until completion is confirmed either party can walk away so vendor is still the owner
    First Date 08/11/2008, Moved In Together 01/06/2009, Engaged 01/01/10, Wedding Day 27/04/2013, Baby Moshie due 29/06/2019 :T
  • kingstreet
    kingstreet Posts: 39,250 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Faith177 wrote: »
    I would have thought it would be the sellers responsibility as it is still their property. I always thought until completion is confirmed either party can walk away so vendor is still the owner
    No. Legal obligation to purchase/sell occurs at exchange of contracts, on the agreed completion date, so that is the point the purchaser should insure the property.

    See earlier re Standard Conditions of Sale.
    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.
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