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Pulling Out = Morally Wrong?
Comments
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No it's a business transaction.2
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The new place is Freehold? That's a big bonus in my books.If you like the new place at least as much as the current one, then strongly consider going for it, knowing that the 'hit' you'll almost certainly take on Stamp Duty will dwindle into an inconsequential memory before too long.2
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Highly unlikely to complete before the stamp duty deadline if you switch now, particularly with a leasehold property.1
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If you prefer the other propertiy then I wouldn’t proceed with this oneHow much do you need the stamp duty holiday? Can you not afford without it?Surely prices will level out when it endsMFW 2026 #5007/03/25: Mortgage: £67,000.00
Mortgage:
04/04/26: £33,500
07/03/26: £34,418.15
16/01/26: £56,794.25
02/01/26: £60,223.17
12/08/25: Mortgage: £62,500.00
12/06/25: Mortgage: £65,000.00
18/01/25: Mortgage: £68,500.14
27/12/24: Mortgage: £69,278.38
Savings: £20,0001 -
Drop out, they had their chance., as for the SDLT window, it's a risk.MardyBum1977 said:We repeatedly asked for a deed of variation as our solicitor discovered that without it we could be liable for the whole cost of all the communal areas. This was denied, and they offered an indemnity policy which would not suffice).
the other party now seem willing to try and put the DOV in place.
My question is . . . is it morally wrong to pull out of the sale at this point? We need the SDLT window so need to give as much time as possible to get another possible sale through.
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Best suggestion I have ever had from this website and probably one of the best suggestions in my life was to stop the transaction on a house that I do not feel comfortable buying. There is nothing morally wrong about it as long as you have specific reasons. Both parties waste time true, but sounds like you already had your time wasted by the other party's reluctance to do the right thing in the first place.3
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