Can I pull out after exchange

nickyg2000

Long story but we finally exchanged on a house last week. I asked if the sound proofing was good and if the neighbors were quiet the owner said yes.
I went round this morning to measure up and could hear shouting through the walls, music and banging. The owner was in and just shrugged it off saying it didn't bother her.

What can I do?

thesaint

What did your solicitor say?

bmthmark

You can pull out but it will cost you lots.
Obviously before you exchange you can pull out and not loose anything other than solicitors fee's and survey fee's

pinkteapot

Have you definitely exchanged contracts, or have you just signed and returned the contract to your solicitor? There's a big difference.

Find out from your solicitor if you have exchanged. If you have, ask them about the implications if you pull out, but the short answer is you'll lose your deposit on the property (the 10% - usually - handed over at exchange) and everyone in the chain could sue you for any costs they incur.

Financially, you'd probably be better off buying it, living there for a year, then selling it.

nickyg2000

Solicitor says its buyer beware and we should have made the necessary checks. Which I felt we did..... They should have disclosed this surely !!!

blues

Pull out if you can. I'd say it was lucky you went round and heard the noise. You could be in for an awful time if you buy the house and have noisy neighbours.

pinkteapot

blues wrote: »

Pull out if you can. I'd say it was lucky you went round and heard the noise. You could be in for an awful time if you buy the house and have noisy neighbours.

As people have said above, you CAN pull out. But it'll cost you thousands, more likely tens of thousands, depending on the purchase price / deposit paid.

thesaint

nickyg2000 wrote: »

Solicitor says its buyer beware and we should have made the necessary checks. Which I felt we did..... They should have disclosed this surely !!!

I didn't mean about the noise, about what it will cost you(£'s) if you pull out.
No one on this forum can tell you.

nickyg2000

Can I not refuse to complete because of misrepresentation ?? my conveyance solicitor is crap btw no move no fee

mrpickled

Such is the risk of buying a semi detached or terrace. Imagine living in a flat and having it above, below and to both sides...

pinkteapot

nickyg2000 wrote: »

Can I not refuse to complete because of misrepresentation ?? my conveyance solicitor is crap btw no move no fee

In short, no. The seller only has an obligation to disclose any official disputes with the neighbours - ie if they've made a formal noise complaint to the council. Beyond that, there are no questions asked on the standard forms about "Are the neighbours noisy?" - for the simple reason that it's a subjective question. What one person would call noisy, another wouldn't.

You asked the seller a question at a viewing, but you've got no proof of what they said - only your word. And, as above, they may genuinely not think the neighbours are noisy (this is what they'd say, anyway). The only thing you can rely on in the purchase process are the written answers to the house sale forms and the solicitor enquiries.