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Can I pull out after exchange

124

Comments

  • LEJC
    LEJC Posts: 9,618 Forumite
    nickyg2000 wrote: »
    To quote from the article I posted:

    The law in this area is very clear – if the seller or the agent has any information that is likely to have an impact on the value of a property or the buyer's enjoyment of the property, they must disclose it."
    but...most people who live with neighbours have encountered noise to some extent during the time they live in a property....even going about your day to day normals its quite possible to hear your neighbours..

    Mine occaisionally has his music on...yes it's a little annoying if its something I dont like but how far do you argue the point that it has an impact on the value of my property or my enjoyment of living here...same with arguments,we all have them and Yep I expect over the years our neighbours have "tuned into " a few of ours...then you have the crying baby in the night when you have a family next door...and perhaps a little noise banging around when someone does DIY or puts up a picture.
    What about a musical instrument...we used to have a piano player in the house
    Sound proofing is always desirable but its not going to block out the noise of someone living next door to a great extent.

    I'm sorry OP but I think that perhaps you have tried to manipulate everyday noise into trying to fit with an article you have read
    frugal October...£41.82 of £40 food shopping spend for the 2 of us!

    2017 toiletries challenge 179 out 145 in ...£18.64 spend
  • DRP
    DRP Posts: 4,287 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I'm not sure if this thread is genuine but...

    Given your history at your current flat you are probably more sensitive to noise than the average person.

    1. As other s have stated, pulling out of the move will cost a lot.
    2. Hopefully the noise was just a one-off.
    If not...
    3. I would recommend ear plugs.
    4. The most important advice would be to try and chill out - if you expect noise then you are already sensitised to it and it will annoy you more.

    Lots of normal individual/family noise is normal and expected. My neighbour was cutting and strimming his garden at 9pm last night, with my 2 boys asleep in bed with the windows open. It very briefly agitated me, but in reality it isn't particularly late and like most of us, he works full time. It isn't worth getting annoyed about.

    5. If you really don't get on with the noise, sell next summer, but be sure to declare your noise problem to any prospective purchasers ;) - no doubt you'll be sorely tempted to tell them you have no issues with noise...
  • bmthmark
    bmthmark Posts: 297 Forumite
    Ninth Anniversary 100 Posts Combo Breaker
    If you have exchanged you really have to continue unless you are loaded and can afford to loose thousands.

    Personally I would try and be positive about it, you never know your neighbours might be great and that was a one off. If you move in and are constantly listening for noise, you will hear it and it will be a living nightmare. Seriously just relax and carry on, there isn't anything you can do
  • Okrib
    Okrib Posts: 166 Forumite
    Ninth Anniversary Combo Breaker
    You clearly are frustrated, however if you have actually exchanged then you really have no options. What is excessive noise to you might be absolutely tolerable to 99% of the population. You can fail to complete, but that will cost you a huge amount of money (depending on how many related purchases there are in the chain).

    It also shows the value of a good solicitor. I’m amazed how many people look to save a few hundred pounds on the biggest purchase of their life. You should want to speak to a solicitor, who will have your best interests in mind, who would advise you on every step of the process. If noise is important to you, then inform your solicitor who can make appropriate enquiries.

    I would suggest looking into soundproofing, as this is likelier to be much cheaper than failing to complete.
  • pinkteapot
    pinkteapot Posts: 8,044 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Okrib wrote: »
    I would suggest looking into soundproofing, as this is likelier to be much cheaper than failing to complete.

    Just yesterday we were talking about neighbour noise at work. A colleague has recently put up soundproofing. It comes in rolls, like wallpaper, except it's a thick-ish (an inch or a bit less?) foam type stuff. You can then wallpaper or paint over the top of it. It won't kill all noise but will reduce it.
  • Hutch100uk
    Hutch100uk Posts: 610 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Even if its law, I'm not always convinced people do disclose neighbour disputes. I lived in a rented property for 3 years and we had the police involved with our next door neighbour on several occasions. When the agent informed us the owner was selling, we told them about the disputes in order that it was disclosed to a potential buyer. The house sold within weeks and would be surprised if anyone would buy it that quickly had they been told!!! I do know the buyer is living there so it wasn't just an investment or buy to let.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    nickyg2000 wrote: »
    Not the case. No complaints to management company or landlord

    So you never received an email from the management company?

    https://forums.moneysavingexpert.com/discussion/5388188
  • hazyjo
    hazyjo Posts: 15,475 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It's summer. Windows are open. People are in and out of gardens. It's obviously going to be a much noisier time of year as the noise won't be as contained. You won't find a house that's silent, and, even if you did, there's no guarantee it'll stay that way! Babies are born, kids grow up, teenagers row, people move... If noise bothers you that much, as suggested, you should buy detached.


    Do you sit in silence a lot? No telly or music? Perhaps you notice it more because you're quiet. Put your telly on the noisiest wall to drown it out, don't have your bed on the 'shared wall', try to adapt.


    Our neighbour to the right is elderly and as deaf as a post. We don't hear a thing as we're 'halls adjoining' with her, but our neighbours the other side literally can't hear their telly over hers when it's on. It's getting worse and they're not entirely sure how to deal with it. When Eurovision was on, they all gave up and went next door with her to watch it!


    Not sure if you've mentioned the question that's been asked a few times - have you actually exchanged, or just signed?


    Jx
    2024 wins: *must start comping again!*
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    nickyg2000 wrote: »
    I went round this morning to measure up and could hear shouting through the walls, music and banging.

    Are you normally in bed at this time of day?

    Were the windows open in both properties?

    Are people not allowed to do DIY during the day?

    Do you play music or have a party or friends round on occasions?
  • D_M_E
    D_M_E Posts: 3,008 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    As many others have said above, you need to check if your conveyancer has actually exchanged contracts or if you have signed prior to exchange and not actually exchanged.

    There was a case just like this a couple of months ago which cost the person who pulled out after exchange about £500,000 - a barrister and his wife viewed a property and liked it so much they instructed their solicitor to exchange contracts as soon as possible.

    Solicitor acted on their instructions and exchanged and handed over the deposit to the vendor.

    After exchange, the couple had the property surveyed and this revealed extensive dry rot or some such which would cost a fortune to remedy.

    At this point the barrister pulled out and wanted his money back.

    He went to court to try and recover his money, lost the case and, if I remember, after a couple of appeals finally lost and had to pay something like half a million quid to settle the vendor's and his own costs for breaking the contract, the lost deposit and all the vendor's costs.

    So, as others have said, if your conveyancer has actually exchanged contracts then your safest and cheapest option is to complete the purchase and sell on after a few months.
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