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House I was buying back on market

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Comments

  • MyRealNameToo
    MyRealNameToo Posts: 821 Forumite
    500 Posts Name Dropper
    gadget88 said:
    elsien said:
    Was it not premature to be selling all your furniture when missiles haven’t been concluded? 

    If you have used Google AI for the above statement, don’t necessarily expect it to hold water. 
    So it said 


    AI Overview

    In the UK, it's legal for a seller to pull out of a house sale before contracts are exchanged, even if they haven't informed the previous potential buyer. While there may not be legal penalties, the seller could face fees from their estate agent and solicitor. The previous buyer can't force the sale to proceed, but they may be able to claim back some costs like legal fees. 


    My question i promoted was seller relisted house after pulling out without telling previous purchaser

    The fact that the AI hasn't appreciated the difference in legal system between England & Wales -v- Scotland is enough to highlight how much confidence you should have in what its said. 

    In England you'd have no right to recover any costs if the withdrawal happened before exchange. This is a Scottish transaction so beyond my knowledge other than it involves missives rather than missiles. 

    Ultimately your solicitor should be the one advising on if the transaction had got to the point of no return or where fees can reclaimed from the other side. 

    There are a host of reasons why sellers pull out and certainly some of them may be temporary even if they think it was permanent when making the decision to pull out. 
  • gadget88
    gadget88 Posts: 612 Forumite
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    edited 20 August at 12:42PM
    gadget88 said:
    elsien said:
    Was it not premature to be selling all your furniture when missiles haven’t been concluded? 

    If you have used Google AI for the above statement, don’t necessarily expect it to hold water. 
    So it said 


    AI Overview

    In the UK, it's legal for a seller to pull out of a house sale before contracts are exchanged, even if they haven't informed the previous potential buyer. While there may not be legal penalties, the seller could face fees from their estate agent and solicitor. The previous buyer can't force the sale to proceed, but they may be able to claim back some costs like legal fees. 


    My question i promoted was seller relisted house after pulling out without telling previous purchaser

    The fact that the AI hasn't appreciated the difference in legal system between England & Wales -v- Scotland is enough to highlight how much confidence you should have in what its said. 

    In England you'd have no right to recover any costs if the withdrawal happened before exchange. This is a Scottish transaction so beyond my knowledge other than it involves missives rather than missiles. 

    Ultimately your solicitor should be the one advising on if the transaction had got to the point of no return or where fees can reclaimed from the other side. 

    There are a host of reasons why sellers pull out and certainly some of them may be temporary even if they think it was permanent when making the decision to pull out. 
    Thanks they basically said morally they should have paid but they never and they don’t have to basically so nothing can be done not sure if they will charge a fee me to tell me they couldn’t help. I assume they would tell me a price in email if there was. I think it was the legal secretary who got back 
  • MyRealNameToo
    MyRealNameToo Posts: 821 Forumite
    500 Posts Name Dropper
    gadget88 said:
    gadget88 said:
    elsien said:
    Was it not premature to be selling all your furniture when missiles haven’t been concluded? 

    If you have used Google AI for the above statement, don’t necessarily expect it to hold water. 
    So it said 


    AI Overview

    In the UK, it's legal for a seller to pull out of a house sale before contracts are exchanged, even if they haven't informed the previous potential buyer. While there may not be legal penalties, the seller could face fees from their estate agent and solicitor. The previous buyer can't force the sale to proceed, but they may be able to claim back some costs like legal fees. 


    My question i promoted was seller relisted house after pulling out without telling previous purchaser

    The fact that the AI hasn't appreciated the difference in legal system between England & Wales -v- Scotland is enough to highlight how much confidence you should have in what its said. 

    In England you'd have no right to recover any costs if the withdrawal happened before exchange. This is a Scottish transaction so beyond my knowledge other than it involves missives rather than missiles. 

    Ultimately your solicitor should be the one advising on if the transaction had got to the point of no return or where fees can reclaimed from the other side. 

    There are a host of reasons why sellers pull out and certainly some of them may be temporary even if they think it was permanent when making the decision to pull out. 
    Thanks they basically said morally they should have paid but they never and they don’t have to basically so nothing can be done not sure if they will charge a fee me to tell me they couldn’t help. I assume they would tell me a price in email if there was. I think it was the legal secretary who got back 
    "Morals" have very little to do with it and it may not even be their fault for pulling out, you originally said it's the builders fault as their purchase is delayed. 

    Solicitors generally work on a Time & Materials basis and you should have already been provided the billing structure which should also say to what unit they go down to (minute, 5 minutes, 15 minutes etc). As a non-routine letter you get billed for however long it takes for them to review the case, draft and send the letter then again for dealing with the response they get back plus possibly chasing a reply if its not prompt... for routine letters the Law Society states they should charge no more than 6 minutes which would apply for chasers being sent. 
  • gadget88
    gadget88 Posts: 612 Forumite
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    gadget88 said:
    gadget88 said:
    elsien said:
    Was it not premature to be selling all your furniture when missiles haven’t been concluded? 

    If you have used Google AI for the above statement, don’t necessarily expect it to hold water. 
    So it said 


    AI Overview

    In the UK, it's legal for a seller to pull out of a house sale before contracts are exchanged, even if they haven't informed the previous potential buyer. While there may not be legal penalties, the seller could face fees from their estate agent and solicitor. The previous buyer can't force the sale to proceed, but they may be able to claim back some costs like legal fees. 


    My question i promoted was seller relisted house after pulling out without telling previous purchaser

    The fact that the AI hasn't appreciated the difference in legal system between England & Wales -v- Scotland is enough to highlight how much confidence you should have in what its said. 

    In England you'd have no right to recover any costs if the withdrawal happened before exchange. This is a Scottish transaction so beyond my knowledge other than it involves missives rather than missiles. 

    Ultimately your solicitor should be the one advising on if the transaction had got to the point of no return or where fees can reclaimed from the other side. 

    There are a host of reasons why sellers pull out and certainly some of them may be temporary even if they think it was permanent when making the decision to pull out. 
    Thanks they basically said morally they should have paid but they never and they don’t have to basically so nothing can be done not sure if they will charge a fee me to tell me they couldn’t help. I assume they would tell me a price in email if there was. I think it was the legal secretary who got back 
    "Morals" have very little to do with it and it may not even be their fault for pulling out, you originally said it's the builders fault as their purchase is delayed. 

    Solicitors generally work on a Time & Materials basis and you should have already been provided the billing structure which should also say to what unit they go down to (minute, 5 minutes, 15 minutes etc). As a non-routine letter you get billed for however long it takes for them to review the case, draft and send the letter then again for dealing with the response they get back plus possibly chasing a reply if its not prompt... for routine letters the Law Society states they should charge no more than 6 minutes which would apply for chasers being sent. 
    Thanks no the email just said about how they couldn’t help will they send it a few weeks later or something or does it come right away? I think when I googled it around £30 per email but sometimes don’t charge 
  • GDB2222
    GDB2222 Posts: 26,304 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    gadget88 said:
    gadget88 said:
    elsien said:
    Was it not premature to be selling all your furniture when missiles haven’t been concluded? 

    If you have used Google AI for the above statement, don’t necessarily expect it to hold water. 
    So it said 


    AI Overview

    In the UK, it's legal for a seller to pull out of a house sale before contracts are exchanged, even if they haven't informed the previous potential buyer. While there may not be legal penalties, the seller could face fees from their estate agent and solicitor. The previous buyer can't force the sale to proceed, but they may be able to claim back some costs like legal fees. 


    My question i promoted was seller relisted house after pulling out without telling previous purchaser

    The fact that the AI hasn't appreciated the difference in legal system between England & Wales -v- Scotland is enough to highlight how much confidence you should have in what its said. 

    In England you'd have no right to recover any costs if the withdrawal happened before exchange. This is a Scottish transaction so beyond my knowledge other than it involves missives rather than missiles. 

    Ultimately your solicitor should be the one advising on if the transaction had got to the point of no return or where fees can reclaimed from the other side. 

    There are a host of reasons why sellers pull out and certainly some of them may be temporary even if they think it was permanent when making the decision to pull out. 
    Thanks they basically said morally they should have paid but they never and they don’t have to basically so nothing can be done not sure if they will charge a fee me to tell me they couldn’t help. I assume they would tell me a price in email if there was. I think it was the legal secretary who got back 
    As I understand it, you had a buyer lined up, and you didn't proceed with them because your onward purchase didn't progress. You obviously feel strongly that your purchaser should not be out of pocket simply because you withdrew from the sale. Can I just check how much you paid them? 



    No reliance should be placed on the above! Absolutely none, do you hear?
  • That’s a proper kick in the teeth. Until the missives are signed folk can basically do what they like, so sadly you’ve just been caught out by the system. Sounds like their new build must’ve sorted itself and they fancied a fresh start with another agent. Doesn’t mean your offer wasn’t good just means they changed their mind. Bloody annoying after you’d gone £25k over though!


  • MyRealNameToo
    MyRealNameToo Posts: 821 Forumite
    500 Posts Name Dropper
    gadget88 said:
    gadget88 said:
    gadget88 said:
    elsien said:
    Was it not premature to be selling all your furniture when missiles haven’t been concluded? 

    If you have used Google AI for the above statement, don’t necessarily expect it to hold water. 
    So it said 


    AI Overview

    In the UK, it's legal for a seller to pull out of a house sale before contracts are exchanged, even if they haven't informed the previous potential buyer. While there may not be legal penalties, the seller could face fees from their estate agent and solicitor. The previous buyer can't force the sale to proceed, but they may be able to claim back some costs like legal fees. 


    My question i promoted was seller relisted house after pulling out without telling previous purchaser

    The fact that the AI hasn't appreciated the difference in legal system between England & Wales -v- Scotland is enough to highlight how much confidence you should have in what its said. 

    In England you'd have no right to recover any costs if the withdrawal happened before exchange. This is a Scottish transaction so beyond my knowledge other than it involves missives rather than missiles. 

    Ultimately your solicitor should be the one advising on if the transaction had got to the point of no return or where fees can reclaimed from the other side. 

    There are a host of reasons why sellers pull out and certainly some of them may be temporary even if they think it was permanent when making the decision to pull out. 
    Thanks they basically said morally they should have paid but they never and they don’t have to basically so nothing can be done not sure if they will charge a fee me to tell me they couldn’t help. I assume they would tell me a price in email if there was. I think it was the legal secretary who got back 
    "Morals" have very little to do with it and it may not even be their fault for pulling out, you originally said it's the builders fault as their purchase is delayed. 

    Solicitors generally work on a Time & Materials basis and you should have already been provided the billing structure which should also say to what unit they go down to (minute, 5 minutes, 15 minutes etc). As a non-routine letter you get billed for however long it takes for them to review the case, draft and send the letter then again for dealing with the response they get back plus possibly chasing a reply if its not prompt... for routine letters the Law Society states they should charge no more than 6 minutes which would apply for chasers being sent. 
    Thanks no the email just said about how they couldn’t help will they send it a few weeks later or something or does it come right away? I think when I googled it around £30 per email but sometimes don’t charge 
    The cost will depend on the hour rate of the lawyer that drafts it. In the last deal I did the junior associate on secondment was £150 an hour so £30 would be excessive for them dealing with a routine email but would represent about 12 minutes for him to write a non-routine email which doesnt feel too bad. His boss on the other hand was billing £1,200 per hour so £30 would be 1.5 minutes of their time which is a fairly optimistic timescale in which to open a case, draft and proofread an email and send it. 
  • sheramber
    sheramber Posts: 22,735 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    gadget88 said:
    It also says this

    If a seller relists with a new estate agent after previously instructing one, you may be able to claim back legal fees if the sale falls through due to the seller's actions. However, it depends on the terms of the contract with the original estate agent, the reason for the sale falling through, and whether the original introduction is still considered the "effective cause" of the sale. 

    And If a seller pulls out of a sale and relists with a new estate agent after a few weeks, it can be frustrating for the buyer, especially if they've already incurred costs. Legally, the seller is in breach of contract if they pull out after exchange of contracts, potentially leading to legal action and financial penalties. The buyer can pursue various remedies, including serving a notice to complete, claiming compensation for costs, or even seeking to enforce the sale (specific performance). 
    Bold doesn’t apply in Scotland. You do not exchange  contracts.

    Scottish law applying to buying houses is not the same as the rest of the UK . General advice on the internet applies to UK. 
    You have to state you are asking about Scotland. 

    The sale  is not complete until missives are concluded. This happens when both parties  have signed missives.  This is usually done by your solicitor on your behalf, after advising you that  both sides are ready.
     
    The best person to advise you if you have any recourse  available is your solicitor. 
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